USE shares trade up tenfold

Buying and selling of shares at the Uganda Securities Exchange (USE) has gone up by 10 times with total turnover rising from Shs1.44 billion in January 2010 to Shs13.8bn in February this year.

The Bank of Uganda says in its March monthly financial report that the number of shares that changed hands at the burse also rose five times from the previous level. USE operates under the jurisdiction of Uganda’s Capital Markets Authority, which in turn reports to the central bank—the regulator

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