The 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 More
The 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
Keith Kalyegira (C), the CMA CEO addressing the press The Uganda Securities Exchange (USE) total market capitalization fell by 15.7% to Shs19.09 trillion at the end of 2019/20 from Shs22.66 trillion at the close of 2018/19, the Capital Markets Industry Report 2019/20 has revealed. There are 17 companies listed on
Read More
By Hassan Kitenda We can all agree that investing is a good habit to have. Investing is how you take charge of your financial security. It is also one of the key ways of achieving one’s financial goals. It’s inevitable that as we go through life, our financial goals will
Read More
The Uganda Shilling steadied following a weakening streak that saw the unit test record levels. The shilling firmed, reflecting subdued demand that prevailed for most of the trading week. Sentiment toward the local currency was largely driven by a mix domestic factors on one part and external events, in particular
Read More
It’s been a tumultuous four years for U.S. commodity industries that found themselves a key focus of the White House through its aggressive trade policy agenda. From steel and aluminum tariffs to grain subsidies to boosting exports of liquefied natural gas, very few corners of the global commodities market eluded
Read MoreThe home unit was kept on the edge, mildly dropping, knocked by sustained demand against lacklustre flows. Out turn was also in line with market expectation that the shilling would remain bearish based on the global perspective that as the US went into elections, the uncertainty around the election results
Read More
The Uganda shilling was on the back foot as demand mostly from merchandise importers surged midweek and drove the local unit to test record lows of 3730/50 during the week ending October 30, 2020. In the fixed income market segment, yields on government bonds edged higher on both 2 year
Read More
The local unit nursed losses as demand surged early in the week mainly from the corporate sector. At the close of the week, pressure had eased with quotes on both counters holding 3705/3715. In the fixed income market, government securities yields marginally dipped on the short end of the curve,
Read More
Robert Nyehangane, the Head of Treasury at Housing Finance Bank Following its recent appointment as a primary dealer for Government securities, Housing finance Bank Uganda has announced that it will be one of the seven banks that have exclusivity to the primary auction under the competitive bidding where it will
Read More
