The Uganda Securities Exchange experienced a decline in trading volume in the third week of the year, although the value of shares traded by local listed companies increased. The volume of shares traded fell to 3,929,059 from 5,251,248 last week, while the number of active counters also fell by one to seven. The value of
Activity on the Uganda Securities Exchange was higher over the week, with more stocks active than in the previous week and the volume traded increasing
In the first week of 2024, 3,002,860 shares of locally listed companies were traded on the Uganda Securities Exchange, compared to 271,066 shares in the last week of 2023
The takeovers, which bear a collective value of more than $100 million, have signalled a departure from dull deal-making activity pegged to local manufacturing.