Find visitors' favorite businesstravel Hotels And.... Book your best!

ad. Buy Grade A Premium Uganda Vanilla Beans NOW Available for Export  

Uganda Stock Exchange: Electronic accounts vital

Thursday, 8th September, 2011

Brokerage firms are encouraging investors on the Uganda Securities Exchange to open Securities Central Depository (SCD) accounts to allow for the full transition to automated trading.

Robert Baldwin, the chief executive of Crested Stocks Securities (USE), said opening SCD accounts would go a long way in building capital markets.

In May 2010, the USE began phasing out paper share certificates and moving to an electronic system for share custody.

The combined total number of registered shareholders is about 40,000, but the number of investors who have opened SCD accounts in Uganda is between 8,000 and 9,000. In Kenya, the number of investors with CDS accounts is over one million.

On the trading floor on Tuesday, Stanbic Bank regained poll position with sh126m, from sh5.6m in turnover. Fewer companies traded, but both the volume and value of trade shot up.

Stanbic Bank sold 897,622 shares, from 40,114, trading at an average of sh140 per share. It also had offers of over 800,000 shares that were not bought.

The total value traded on the day was sh130.5m, from sh14m.
Uganda Clays (UCL) and Bank of Baroda were the only other two active companies.

UCL turnover slowed to sh735,600, from sh4.9m and sold volumes also fell to 14,000 from 89,000. It traded at a revised average price of sh53 per share.

Overall sold volumes rose to 926,324 from 132,532 shares.
The all share index fell to 943.61 from 988.97, while the locally quoted share index rose slightly to 253.70, from 253.62.

By David Mugabe: The New Vision Newspaper

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to On the Equity Market : Africa Uganda Stock Markets News .

Haven't yet found what you Want...?

If you haven't yet found what you were looking for or you need detailed information about the subject matter on this page


feel free to ask our business travel consultants.

Book a Prisons & Correctional
Charity Tour

Farmland for Sale
Prime Commercial Property
Entebbe Rd Land 4 Sale
Over 20 Farmland Parcels
Property & Plots of Land

Uganda Online SuperMarket
Online SuperMarket

Uganda Coffee Safari
Book My Coffee Tour

Uganda Honey
Uganda HoneyComb

Subscribe to our Business Travel Newsletter

Enter Your E-mail Address
Enter Your First Name (optional)

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Africa Uganda Business Travel News Digest.

Hotel Booking

Car RentalCar Hire

Africa Uganda Shipping & Handling ServicesShipping & Handling Services

Our Sponsorship Policy

Apple Guavas available
Africa Uganda Plants GuideAfrica Plants Guide

Charity Investment Guide
Changing Lives

Africa Uganda SMS Guide
Africa Bulk SMS

Poultry Investment Guide
Poultry Business Guide

Related Pages

Uganda Hotels Directory

Uganda Hotels Booking Guide

Houses U can buy Uganda Real Estate Guide Industrial/Farmland Deals

Uganda Real Estates Guide

The Mountain Gorilla

Uganda Safari Guide

Uganda Weather Today

Book My Hotel

Please note that all fields followed by an asterisk must be filled in.

Please enter the word that you see below.


Uganda Currency