8 January 2013

Uganda: Trading Figures Up At USE

The Bank of Uganda has intervened in the currency market with an unspecified amount of dollars in a move aimed at stabilizing the shilling. ( Resource: Uganda's Central Bank Intervenes On Currency Stability )

Official trading figures released this afternoon (Jan.8) by the Uganda securities exchange indicate that there has been an improvement in trading carried out on Jan. 8 compared to that of Jan. 7.

According to the report, the market recorded 752, 397 as the total number of traded shares on Jan. 8 with the turnover of Sh74million compared to 218, 080 shares traded on Jan.7 with the total turnover of Sh36million, indicating a jump in the number of shares traded in the two busy days of trading.

The Kampala bourse has 15 companies listed. Out of the 15, only five dominate the trading activity. On Jan.8 only three companies-Baroda, Stanbic and Umeme had their counters busy whereas the 12 recorded zero traded shares on their counters.

Baroda traded 6, 910 shares recording a turnover of Sh1.7million at a share price of Sh250 compared to 28, 500 shares traded a day earlier. Stanbic had 520, 167 shares traded at Sh20 each, raising Sh10million as turnover compared to 80, 000 shares traded a day earlier with a turnover of Sh1.6million.

Umeme which entered the USE at the end of last year had 225, 320 shares traded at Sh275 each with a turnover of Sh61million compared to 99, 080 shares traded a day earlier recording a turnover of Sh27million at the same price.

Other companies like DFCU, NIC and NVL have since Jan. 7 posted different outstanding offers and bids.

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