Kampala — THERE was a remarkable improvement in turnover on the bourse Tuesday.

The market realised sh841m in total turnover, which was a huge turn- around in the last one week, after slumping to one of its lowest moments the previous Tuesday, with just sh2.5m collected in turnover.

The backlog of Stanbic shares that was unsold for several weeks were finally offloaded. This was on a day that saw the bank move 4,084,850 shares worth sh654m in turnover. This constituted 92% of the total market share. The closing price for the bank was sh160, the same as last Tuesday.

"The trading on the counter was solely due to foreign institutions on the bid-side, while the offer-side represented a mix of local institutions and retail investors," a market report from African Alliance said.

It also emerged that there was a block of 10.5 million Uganda Clays shares on offer, which should keep the market fairly busy.

The African Alliance report also highlights the fact that dfcu Bank and East African Breweries Limited (EABL) recorded block offers for 1.65million shares at sh530 and 1.1million shares at sh3,645 respectively.

The other impressive mover was dfcu Bank that sold 350,209 shares worth sh186m in turnover at sh530 per ordinary share.

It was generally a green day that saw the previously subdued The New Vision also move 300 shares. It opened trading at sh510 before closing at sh530 and realising sh159,000. The other counter that traded was Uganda Clays and collected sh1.4m in turnover.

Bank of Baroda sold 3,325 shares fetching sh1.1m in turnover.