On the Equity Market
by Jimmy Emmanuel Kayondo
Trading on the bourse for the week opening 18th/10/2011 and ending 21st/10/2011 was characterized by less activity as seen in the number of companies that traded and the total turnover.
On the opening day of trading, New Vision Limited made the largest gains of UG shs4.3m in turnover from 5,297 shares traded at an average of UG shs805 per share.
DFCU followed suit in gains. From the 3,855 shares traded, the bank managed to yield turnover of UG shs3.9m. The average share price was UG shs1,013.
The clay maker, UCL yield turnover of UG shs263,550 from 5,271 shares traded at UG shs50 per share.
As the market went into the second day of trading, there was a slight increase in the total turnover and number of companies trading.
DFCU bank witnessed a slight decline in turnover to UG shs2.4m from UG shs3.9m. There was also a decline in the volumes traded to 2,339 from 3,855.
New Vision went into the second day of trading making the largest gains to the tune of UG shs19.5m in turnover from 24,549 shares at an average price of UG shs795 per share.
Stanbic Bank Uganda traded the highest number of shares amounting to 116,676 at UG shs140 per share. The bank yielded UG shs16.3m in turnover.
The insurance corporation, NIC posted turnover of UG shs585,000 from 13,000 shares traded at UG shs45 per share.
The third day was characterized by less activity as only two firms traded. Bank of Baroda Uganda resumed trading with 8,468 shares traded at UG shs270 per share. The bank managed to yield turnover of UG shs2.3m.
Uganda Clays Limited yield turnover of UG shs1.3m from 29,596 volumes traded at UG shs45 per share.
The week of trading ended with only one firm trading. DFCU bank posted UG shs631,250 in turnover from 625 shares traded at an average price of UG shs1,010 per share.
Kayondo Jimmy Emmanuel