9 January 2013

Uganda: Umeme Continues to Dominate Trading

Umeme, which entered the Uganda Securities Exchange (USE) towards the end of last year has continued to record large volumes of traded shares in the last few days of trading compared to other companies on the Kampala bourse.

This comes at a time when buyers and sellers have returned from the festive season ready to put up offers and bids for various reasons.

According to the USE trading report released on Jan. 9, the market recorded 146, 663 as the total number of shares traded at a Sh35million turnover. Umeme's counter recorded 115, 200 as traded shares at the same price as that of yesterday-275, registering a turnover of Sh31million, the highest among the companies that traded. Compared to yesterday (Jan.8), today's traded shares recorded a sharp decline. The company had 225, 320 shares traded at Sh275 each with a turnover of Sh61million on Jan. 8.

Other companies that had their counters busy on Jan. 9 include NIC which traded 23, 463 with a turnover of Sh821, 205, at a share price of Sh35. Others were DFCU that traded 1,000 shares at Sh1, 000 per share and Baroda traded 7, 000 shares at Sh250 per share.

Copyright © 2013 The Independent. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.