Uganda Securities Exchange
File:UGANDA SECURITIES EXCHANGE LOGO.png | |
Stock Exchange | |
Industry | Finance |
Founded | June 1997 |
Headquarters | Kampala, Uganda |
Key people
|
Charles Mbire chairman Paul Bwiso[1] chief executive officer |
Products | Stock trading services |
Slogan | Building your investment portfolio |
Website | Homepage |
The Uganda Securities Exchange (USE) is the principal stock exchange of Uganda. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Bank of Uganda, Uganda's central bank.
The exchange opened to trading in January 1998. At the time, the exchange had just one listing, a bond issued by the East African Development Bank. Trading was limited to only a handful of trades per week.
As of July 2014[update], the USE trades 16 listed local and East African companies and has started the trading of fixed income instruments. The exchange is a member of the African Stock Exchanges Association.[2]
The USE operates in close association with the Dar es Salaam Stock Exchange in Tanzania, the Rwanda Stock Exchange, and the Nairobi Stock Exchange in Kenya. According to published reports in 2013, there are plans to integrate the four exchanges to form a single East African bourse.[3][4]
Contents
Trading
A published report in February 2011 claimed that USE will increase trading to five days a week in March 2011.[5]
During the first quarter of 2010, the USE adopted the Settlement and Clearing Depository electronic trading system. According to a published report in January 2011, other electronic modalities are being considered for the exchange.[6] In 2010, the USE was the best performing stock exchange in Sub-Saharan Africa, with an All-Shares Index return of 74 percent between January and November 2010.[7] On 20 July 2015, the USE initiated its electronic trading platform, backed by three independent data servers, cutting to three days (previously five days) the time it takes to settle trades.[8][9]
Market listing
As of September 2015[update]
Number | Symbol | Company | Notes |
---|---|---|---|
1. | BOBU | Bank of Baroda (Uganda) | Finance, banking |
2. | BATU | British American Tobacco | Tobacco products |
3. | DFCU | DFCU Group | Finance, banking |
4. | EABL | East African Breweries | Brewing, gin, distilled beverages |
5. | JHL | Jubilee Holdings | Insurance |
6. | KA | Kenya Airways | Aviation |
7. | KCB | KCB Group | Finance, banking |
8. | NVL | New Vision Group | Printing, publishing, broadcasting, television |
9. | SBU | Stanbic Bank (Uganda) Limited | Finance, banking |
10. | UCL | Uganda Clays Limited | Manufacturing, construction materials |
11. | EBL | Equity Group Holdings Limited | Banking, finance |
12. | NIC | National Insurance Corporation | Insurance |
13. | UCHM | Uchumi Supermarkets[10][11] | Supermarkets |
14. | NMG | Nation Media Group[12] | Publishing, printing, broadcasting, television |
15. | CENT | Centum Investment Company Limited[13] | Investments, private equity, real estate |
16. | UMEME | Umeme[14][15] | Power distribution |
Notes on market listings
- East African Breweries and Kenya Airways are crosslisted on the Nairobi Stock Exchange and the Dar es Salaam Stock Exchange.
- Centum Investment Company Limited, Equity Group Holdings Limited, and Jubilee Holdings are listed primarily on the Nairobi Stock Exchange and are crosslisted on the USE.[16]
- Kenya Commercial Bank Group and Nation Media Group are listed primarily on the Nairobi Stock Exchange and are crosslisted on the USE, the Dar es Salaam Stock Exchange, and the Rwanda Stock Exchange.[17]
- Uchumi Supermarkets, a regional supermarket retailer with headquarters in Nairobi, Kenya, is listed on the Nairobi Stock Exchange, is crosslisted on the USE and the Rwanda Stock Exchange, and plans to crosslist its shares on the Dar es Salaam Stock Exchange.[18]
- Umeme, the largest electric power distributor in Uganda, is listed primarily on the USE and is crosslisted on the Nairobi Stock Exchange.[19]
- Equity Group Holdings Limited is listed primarily on the Nairobi Stock Exchange (2006). It is crosslisted on the USE (2009) and the Rwanda Stock Exchange (2015).[20]
- In February 2015, Ugandan media indicated that both the Housing Finance Bank and Crane Bank, which had intended to listil their shares on the USE, have since changed their plans and put their IPOs on hold.[21]
See also
- Economy of Uganda
- List of stock exchanges
- List of African stock exchanges
- East African Community
- Uganda shilling
References
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.