The Uganda Securities Exchange Ltd (USE)

The Uganda Securities Exchange Ltd (USE)

P.O.Box 23552, Kampala, Uganda,Plot 3-5 New Port-Bell Road, UAP Nakawa Business Park, Block A, 4th Floor,Central,Kampala
Contact Phones: .,+256-312-370815/7/8
Web Address: www.use.or.ug
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About The Uganda Securities Exchange Ltd (USE)

The decline in equity prices at most counters saw Uganda Securities Exchange’s (USE) total market turnover falling by Shs10.8b in the second quarter of the year, a development which has hurt both the institutional and retail investors.Statistics by USE reveal that the market realised a total turnover of Shs41.5 billion from a volume of 305.6 million shares that were traded during the second quarter of the year compared to Shs52.3 billion realised from more than 202 million shares traded.The USE chief executive officer, Mr Paul Bwiso, told Daily Monitor in an interview that the decline was due to a fall in prices of shares as a result of low demand.“The lack of demand during the second quarter was caused by the issue of high interest charged on government securities; treasury bills and bonds. This development saw the investors shifting their investment from equities to government securities where they were getting higher returns and it was risk free investment to the inve


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