Trading in Umeme Ltd shares at the Uganda Securities Exchange has been “voluntarily” suspended for at least two weeks over the ongoing transition process.

The Uganda Securities Exchange (USE) recorded a weekly turnover of sh466.1m after more than 4.87 million shares changed hands across eight counters.

Equity trading at the Uganda Securities Exchange (USE) surged during the week, with turnover rising to sh638m from sh227m recorded the previous week.

Signs of volatile trading patterns at the Uganda Securities Exchange (USE) this year weighed heavily on business activity as large investors increased their exposure to blue chip companies but the real fallout on stockbrokers’ commission incomes remains unclear.