USE Weekly Review: Turnover climbs to sh1.2b

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Weekly equities turnover at the Uganda Securities Exchange (USE) climbed to sh1.29b from sh638m the prior week, driven by heightened activity in telecom and utility stocks according to Crested Capital.

MTN Uganda led trading with a turnover of sh956.19m representing 74% of total weekly volume.  The telecom firm released its earnings report with a 30.1% jump in net profits after tax to sh641.5b for the 12 months period ending December 2024.

Umeme followed with sh287b, while Bank of Baroda (BOBU) recorded sh22.8m. Stanbic Holdings traded sh12.7m, Quality Chemical Industries (QCIL) moved sh10.08m, and Airtel Uganda exchanged sh4.37m. National Insurance Company saw about sh800,000 in turnover.

Price Movements
QCIL was the top gainer, rising 7.69% to sh84 per share, followed by Airtel , up 3.13% to sh93. Stanbic added 0.07% to close at sh46.03. Decliners included BOBU, down 2.22% to sh22.00, and MTN, which fell 1.02% to sh269 per share.

On ross listings on the bourse, Centum Investments surged 10.82% to sh444.77, National Media Group (NMG) gained 4.08% to sh419.20, and Jubilee Holdings (JHL) rose 1.27% to sh6,053.46.

Losers included East African Breweries, down 1.27% to sh5,335.86, KCB Group, off 0.72% at sh1,263.27, and Kenya Airways, which slipped 0.52% to sh155.74.
The USE All Share Index (ALSI) edged up 0.17% to 1,333.00, while the local companies Index advanced 0.47% to 126.25.