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.