By Our Reporter
Market activity decelerated this week with 1.96 million shares changing hands to generate a turnover of Ushs 171.34 million compared to the past week where 2.38 million shares were traded with Ushs 191.95 million in turnover. A total of seven counters posted activity this week.
Umeme dominated trading with 236,143 shares changing hands to generate a turnover of Ushs 119.26 million. Its share price was up 0.99% to Ushs 508. Stanbic Bank Uganda (SBU) and Bank of Baroda Uganda (BOBU) traded 995,948 shares and 124,712 shares to generate turnover of Ushs 26.73 million and Ushs 17.21 million each. SBU share price shed 3.7% to close at Ushs 26 while BOBU grew by 0.73% to Ushs 138.
Uganda Clays Limited (UCL), DFCU bank and New Vision Limited (NVL) registered turnover of Ushs 7.67 million, Ushs 168,000 and Ushs 165,300 from 590,000 shares, 210 shares and 300 shares exchanged respectively. UCL and DFCU share prices held steady at Ushs 13 and Ushs 800 respectively whereas NVL gained 0.18% to Ushs 551. National Insurance Corporation (NIC) moved 12,100 shares at Ushs 12 each to realize a turnover of Ushs 145,200.
Among the cross listings, Uchumi Supermarkets made the biggest gain of 13.68% to close at Ushs 133 while Kenya Airways lost 7.52% to Ushs 123.
The USE All Share Index ended Friday’s trading session at 1,633.43 representative of a 2.43 percentage drop from last week. On the other hand the USE Local Share Index and C8* were down 0.66% and 0.96% to 386.19 and 121.52.
The Uganda Shilling was largely stable this week owing to inflows of foreign exchange from offshore traders looking to participate in the Treasury bond auction and the removal of a large amount of excess liquidity from the interbank market via a seven-day repo. The Uganda Shilling was quoted at 3,365.96 as at midday on Friday.