The Capital Markets Authority (CMA) has cautioned the public that the so called “gifting club” operating via social media is actually a pyramid scheme that is doomed to collapse and offer nothing in return to several participants. The prospective investors have been promised gifts worth sh2,000,000 which is 10 times their
Read MoreMarkets
CMA Boss, Keith Kalyegira It’s been a year dominated by Covid-19, and its effects. Although 2020 has been a year to forget, there have been some stellar moments for the capital markets. The number of Ugandans saving for retirement has significantly increased, the Capital Markets Authority (CMA) industry report for
Read MoreUmeme and Stanbic were the most traded counters on the Uganda Securities Exchange (USE) at the end of November 2020 according to top officials on the bourse. Umeme traded 75 million shares worth sh17b, taking up 64.8% of total turnover, and 22% of total traded volumes. Stanbic bank traded
Read MoreThe local currency was flat at close of week having eked out some previous gains as market players retreated in preparation of mid month tax payments. Trading remained in a narrow band of 3675/3685. In the fixed income market, it was a silent week in the absence of a primary
Read MoreThe local currency traded with a mild bullish bias, gaining slightly on heightened interbank and corporate activity that saw the unit trading within a narrow range of 3690/3700 during the week ending December 4, 2020.In other domestic economic news, CPI data showed a slight drop in consumer inflation in November
Read MoreReal Assets Versus Financial Assets: Why You Should Invest More In Financial Assets
By Hassan Kitenda Money has been a pivotal factor for all human activity, the desire to earn money has been from time immemorial. In today's world we are given endless options, often making it difficult to decide what is best. For example, when it comes to investment, is it better
Read MoreREVEALED: Local Listed Companies That Will Give You Highest Dividends, Returns
Trading taking place at the bourse/USE There are 17 companies listed on the Uganda Securities Exchange (USE). Nine of the companies are locally listed while eight of them are cross listed from the Nairobi Securities Exchange. The local companies listed on USE include Uganda Clays Ltd (UCL), Cipla Quality Chemical
Read MoreDollar Falls To Lowest Level In Almost 3 Months As Investors Flock To Risk
The dollar index hit an almost three-month low on Friday after strong economic data from China pushed investors toward riskier currencies and equity markets extended their rally. The dollar has fallen more than two per cent so far this month after Democratic US President-elect Joe Biden's election victory and positive
Read MoreThe Uganda shilling clawed back some ground in thin trade with the money markets awash with liquidity. The home unit held steady in the range of 3680/3700. In the fixed income space, yields for a 3 year and 15 year printed at 15.50% and 15:30%, indicating an inverted yield curve.
Read MoreThe local currency weakened, pausing an advance in the previous sessions that saw the currency on the gaining side. Markets players were seen earlier in the week reposition. The unit traded in the range of 3700/3710 during the week ending November 20, 2020.In the fixed income segment of the market,
Read More