Uganda Securities Exchange equity turnover drops 73%
Uganda Securities Exchange (USE) started the new year on a weak footing with equity turnover falling by 73.8 percent to Ush 2.05 billion ($579,828) in January.
1M | 3M | YTD | 1Y | 2Y |
+4.57% | +18.09% | +23.70% | +6.10% | -11.46% |
Value Traded (UGX) 490,186,478 |
Volume 6,072,457 |
Transactions - |
Market Cap. (Bln UGX) 20,586.55 |
Uganda Securities Exchange (USE) started the new year on a weak footing with equity turnover falling by 73.8 percent to Ush 2.05 billion ($579,828) in January.
Shares in New Vision resumed trading on Tuesday after the Uganda Securities Exchange said it had concluded a probe into suspicious trades that led to a “sporadic” drop in the stock’s price.
Airtel Uganda is racing against time to list 20 percent of its shares on the Uganda Securities Exchange (USE) before a June 30 deadline, even as players wonder if the market is ready for another initial public offering so soon after MTN Uganda suffered an under-subscription late last year.
About 21,394 people in Uganda have become shareholders in MTN Uganda (USE:MTNU) following the conclusion of the company’s Initial Public Offer (IPO).