Banks Dominate Trading On USE, Shilling Weakens Further

Stanbic Bank (SBU), dfcu Bank (DFCU) and Bank of Baroda (BOBU) moved a combined 172,180 shares on the Uganda Securities Exchange, representing 78.8% of all the volume of shares traded on Thursday. dfcu recorded a turnover of UGX 38.74 million, whereas Stanbic and Baroda had turnovers of UGX 2.68 million and UGX 2.61 million respectively. ...
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Uchumi Posts Pre-Tax Loss Of KES 895 Million

Uchumi Supermarkets posted a pre-tax loss of KES 895.2 million for the six months ended 31st December 2017, a decline compared with the same period in 2016 that brought a loss of KES 547.3 million. The net sales were KES 527 million, which is about a quarter of the net sales from 2016. The board ...
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Pre Markets: USE Uganda Down, Government Borrowing To Rise

The USE All share index and the Crested Capital C8 decreased to UGX 2,064.96 and 122.89 shedding 0.48% and 0.22% compared to previous day’s 2,074.96 and 123.16 respectively. Turnover reduced to UGX 2.46 million compared to Monday’s UGX 31.97 million. Four counters registered activities as NIC Holdings (NIC) dominated trading. The insurance counter traded at ...
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Shilling Stable As USE All Share Falls

The Ugandan shilling was stable on Wednesday, drawing support from a central bank mop up of excess liquidity via an overnight repurchase agreement (repo) and tax payments. At 1226 EAT, commercial banks quoted the local currency at 3,630/3,640, the same level as Tuesday’s close. source: tradingeconomics.com   This follows Bank of Uganda’s move to cut ...
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Bank Of Uganda Cuts Interest Rate, Banking Stocks Gain

Bank of Uganda cut its benchmark lending rate to its lowest level ever on Tuesday, saying lending for small businesses remained costly despite recent policy easing. Policymakers cut the rate by 50 basis points to 9.0%, the lowest level since the East African country began setting rates as part of an inflation-targeting monetary policy in ...
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