Uganda Security Exchange (USE) has posted the worst performances in over four years with turnover grossing a 70 per cent drop. In the second quarter of 2020, turnover dropped to Shs2.25b compared to Shs25.61b in the same period last year. The drastic drop, according to a report by USE, was attributed to withdrawal of international […]
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USE registers worst performance in years
USE experienced a drop in turnover of about 70 per cent in second quarter Photo | File Uganda Security Exchange (USE) has posted the worst performances in over four years with turnover grossing a 70 per cent drop. In the second quarter of 2020, turnover dropped to Shs2.25b compared to Shs25.61b in the same period […]
USE registers worst performance in years
USE experienced a drop in turnover of about 70 per cent in second quarter Photo | File Uganda Security Exchange (USE) has posted the worst performances in over four years with turnover grossing a 70 per cent drop. In the second quarter of 2020, turnover dropped to Shs2.25b compared to Shs25.61b in the same period […]
Uganda’s oldest listed firms catch virus jitters
A truck is loaded with roofing tiles at Uganda Clays products yard in Kamonkoli. Production at the facility has never reached optimal levels. PHOTO | FILE | NMG Uganda Clays sacked a number of senior managers in March on grounds of poor performance and allegations of insider fraud following weak financial results posted during the […]
Banks to raise nearly Rs 80,000 crore in equity capital
(Representative image) MUMBAI: ICICI Bank ’s board on Wednesday approved a proposal to raise Rs 15,000 crore through issue of fresh equity. This has taken the tally of completed and proposed equity issuances by banks this year to nearly Rs 80,000 crore. Banks are taking advantage of the buoyancy in the capital market, making it […]
Stanbic halts Shs110bn dividend payout over coronavirus
The decision follows BoU’s directive to support cash flow in the economy Kampala, Uganda | ISAAC KHISA | Stanbic Uganda Holdings Ltd (SUHL) has cancelled its proposed dividend payout of Shs 5.06 per share or a total of Shs110bn to its shareholders, citing central bank’s decision to decline to the request over coronavirus pandemic fears. […]
Listed companies take hit from Covid-19
Stock brokers during a trading session. Fixed income markets are likely to remain the investment of choice for some time to come according to experts. Courtesy photo Uganda Securities Exchange (USE) is where publicly listed companies list a portion of their shares for the general public to invest their money by buying shares. Equities are […]
Listed companies take hit from Covid-19
Stock brokers during a trading session. Fixed income markets are likely to remain the investment of choice for some time to come according to experts. Courtesy photo Uganda Securities Exchange (USE) is where publicly listed companies list a portion of their shares for the general public to invest their money by buying shares. Equities are […]
Coronavirus causes companies to postpone AGMs, dividend payments
Six companies listed on the Uganda Securities Exchange have postponed their annual general meetings due to the coronavirus outbreak, the bourse said in a statement. The shareholders’ meetings, usually held during this period, have been “deferred in light of the current directives by the government of Uganda restricting public gatherings and public health recommendations aimed […]
Coronavirus causes companies to postpone AGMs, dividend payments
Six companies listed on the Uganda Securities Exchange have postponed their annual general meetings due to the coronavirus outbreak, the bourse said in a statement. The shareholders’ meetings, usually held during this period, have been “deferred in light of the current directives by the government of Uganda restricting public gatherings and public health recommendations aimed […]