Uganda stock exchange daily reports
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Navigation Home. Educational Inst. Govt Buganda. Govt Uganda. News Archive. Trade Associations. Uganda Civil aviation Authority. Useful Links. The Uganda Securities Exchange Ltd. Email: info use. Address: P. Joseph S. Statistics by USE reveal that the market realised a total turnover of Shs The USE chief executive officer, Mr Paul Bwiso, told Daily Monitor in an interview that the decline was due to a fall in prices of shares as a result of low demand.
Read more. The fund revealed a paper loss of Shs48b from a profit of Shs NSSF booked this as a paper because it is the value of the assets that have fallen and the fund has not sold the shares at below market price. Mr Richard Byarugaba, the managing director NSSF told Daily Monitor that the unrealized loss was a result of their stock holding in listed companies declining in value. The rush to make profit and active participation of institutional investors mainly from foreign economies have seen Uganda Securities Exchange USE realising a total turnover of Shs Computed statistics at the bourse show the total number of shares traded stood at 24,, Uganda Securities Exchange has registered a growth of per cent.
This was supported by increased activities amid high equity prices at the stock exchange. This means shareholders are making profits out of their investments in company shares, while the high growth rate to the exchange means the market is expanding.
This represents a growth rate of per cent. Mr Joseph Kitamirike, a co-founder and chief executive officer ALTX Uganda, told reporters that they are testing the automated platform, and expect to launch. Firms cross-list shares on other markets to, among others, afford accessibility of the stock to investors. It is also used it as a marketing tool for the cross-listed companies to increase brand visibility. It should, however, be noted that for the case of firms cross-listed on the USE, the latter has been fully maximised, but the former still seems to be challenged.
USE registers Shs billion turnover drop in third quarter Slowdown in equity market activities in the number of shares being offloaded from the market, has seen Uganda Securities Exchange USE register a drop in its total turnover of Shs billion. However, USE explains that the market has been relatively stable, with both the retail and institutional investors actively participating in the stock market. Statistics show Umeme had the largest turnover accounting for New trade rules push up USE market value by Shs2.
USE implemented the new trading rule which allows shares prices to fall or to increase by one shilling instead of five shillings to bring about improved liquidity in the stock market. USE registers expansion with Shs billion turnover Uganda Securities Exchange USE has registered the highest turnover revenue in the second quarter of to Shs,, realised from trading of ,,, shares.
In the first quarter of volume of shares traded at the exchange was ,,93, which saw USE registering a turnover of Shs16,,, Kenya shilling appreciation raises USE shares value The development in the foreign exchange market, which led to appreciation of the Kenyan shilling in the recent past has positively contributed to the increase in market capitalisation at Uganda Securities Exchange USE.
At the close of the trading session, USE total market capitalisation closed at Shs This means there has been increase of Shs2. The pick-up in USE is also linked to price appreciation of some locally listed company shares due to high demand for their shares. Samson Muwanguzi, the Uganda Reinsurance Uganda Re chairman says the company intends to raise its paid share capital to sh10b by September and to list on the stock exchange in the immediate future.
Statistics at USE indicate that in the first quarter of , the volume of shares traded in the period stood at ,,, which resulted into a total turnover of Shs Finance minister Maria Kiwanuka has asked the leaders of the Capital Markets Authority and the Uganda Securities Exchange to demystify the trading of shares and bonds for Ugandans to gain interest in the business.
The minister was speaking at a farewell function for Japheth Kato, who retired as chief executive officer for the Capital Markets Authority after 16 years of service at Speke Resort Hotel Munyonyo.
Kiwanuka commended Kato for setting the right foundation for capital markets in Uganda and asked the new leadership to bring the market closer to Ugandans. The minister said more local companies should be encouraged to list on the Uganda Securities Exchange. Kiwanuka urged the private sector to take charge of capital markets saying the emerging petroleum sector, the liberalisation of the pension sector and the regional integration will present many opportunities.
Regulators in the financial market have been urged to consider licensing investment banks to support corporate actions in capital development.
One outstanding importance of investment banks services is that they provide corporate finance and advisory work, normally in connection with new issues of securities for raising finance, take-overs, merges and acquisitions. Fund managers in Uganda are expected to report lower returns this year, caused by depressed earnings from their bond holdings amid a continued drop in interest rates. Sudhir made sh The shares were selling at sh2, on two days before. The deal comes hot on the heels of a profit warning by BATU.
This is the second biggest deal closed on the Uganda Securities Exchange since the sale of dfcu bank shares to Dutch investors for sh Current and potential investors on the Uganda Securities Exchange are set to have more investment options to choose from now that Uchumi Supermarkets is in advanced stages of acquiring approvals to cross-list on the local bourse.
Uganda bourse to automate and review ownership rules. The Uganda Securities Exchange USE plans to review its membership and trading rules to allow for electronic trading and demutualisation in the biggest legal change since its inception.
The Kampala bourse, which started its operations in , has been using rules similar to those the Nairobi Securities Exchange NSE had for a long time. However, the NSE has been regularly reviewing its laws.
UAP given green light on Unit Trust management. The move will allow the company and other players to develop unit trust funds that will enable investors access alternative financial instruments with competitive returns. Stanbic Bank shares are attracting huge demand post dividend announcement, restoring the bank to its status as the most sought after company since listing.
On Tuesday 16 Jul , the bank traded just , shares at an average price of sh But there were bids for over 31 million shares, while there was demand for over But this has not dissuaded interest. The stock market recorded a total turnover of Shs billion in the first half compared to a turnover of Shs72 billion, reflecting good performance for the past three half years.
However, in comparison to the half year performances, the immediate past three half year performances are excellent. The stock market recorded a turnover of only Shs The performance is due to the corporate actions among which was the listing of Umeme on the USE, increased foreign investor participation in the market and recovery of economies locally, regionally and globally.
Innocent Dankaine, the acting chief executive officer of Uganda Securities Exchange, says a favourable tax regime would help boost the industry attracting private sector that have largely shied away from listing. The Uganda Securities Exchange report showed a marked rise from the sh26b obtained in There were deals with a total of sh billion deals after a total of over 2.
The biggest deal was in May when turnover peaked shb after m shares were sold. Stanbic bank had deals overall- the most among all the 12 listed companies at the exchange followed by Bank of Baroda. Uchumi, the Kenyan supermarket chain, listed on the Uganda Securities Exchange.
National Insurance Corporation's notice to issue a Rights Issue. Rights issues allow shareholders to buy more equity into the company. Uganda Securities Exchange.
Market Movements for Tuesday 17/01/ Market turnover at the bourse recorded a % increase to MN (USD 23,) from the last trading day. Get share prices, volume traded, daily price movevements and year to date percentage changes for compnaies listed on the Uganda Securities Exchange (USE). British American Tobacco Uganda (wiacek.com.au) Abridged Report.
It was founded in June The exchange opened to trading in January At that time, the exchange had just one listing, a bond issued by the East African Development Bank. Trading was limited to only a handful of trades per week. As of July , the USE traded 16 listed local and East African companies and had started the trading of fixed income instruments.
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Every August, in what has become an annual ritual, the staff at Kampala-based Apas Financial Services religiously bank a dividend check from Safaricom, the Kenyan telecom behemoth. Attractive as this may make investing sound, Apas is one of the few Ugandan players in this game. People and companies remain hesitant about tapping the securities markets, to the dismay of regulators, brokers and bourse managers alike. Joseph Kitamirike thinks this trend for small investors should be encouraged rather than lamented. ALTX, which currently trades securities based on the treasury market, offers remote access to investors, from account opening and order placement to payment by mobile money.
