Umeme, MTN dominate trading activity at USE
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Uganda, Nov. 17 -- Umeme and MTN dominated trading in the 2022 third quarter, accounting for more than 60 percent of activity at the Uganda Securities Exchange (USE).
During the period, according to data from USE, equity market activity increased with total turnover growing by Shs2b.
The growth, which saw turnover increase to Shs9.2b compared to Shs7.2b in the same period last year, indicates a steady pick up in the market activities despite difficult economic conditions.
Other active counters included Bank of Baroda, Stanbic Bank, Uganda Clays, and Centum, among others.
Higher turnover in equity markets reflects better liquidity and eases sell of stocks.
However, on a quarter-to-quarter basis data indicates that turnover for the thi...
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