Business 22 March 2026 Daily Monitor (Uganda)
USE Market Cap Surges on Rising Share Prices Amid Investor Optimism
The Uganda Securities Exchange (USE) has seen a significant boost in market capitalization due to sustained share price gains across several listed firms, driven by investors positioning for dividends and upcoming financial results. Top performers like MTN Uganda and Airtel led the rally, enhancing shareholder value. Source: https://www.monitor.co.ug/uganda/business/markets/rising-share-prices-boost-use-market-capitalization-5398794
The Uganda Securities Exchange (USE) is experiencing a notable uptick in market capitalization, fueled by steady increases in share prices of multiple listed companies. This reflects heightened investor confidence as the market anticipates dividend announcements and financial disclosures.
Trading volumes have risen sharply, with investors buying in ahead of payouts. USE data for the week ending March 20 highlights MTN Uganda as the top-valued firm, closing at Shs477 per share for a market cap of Shs10.68 trillion. Airtel followed with shares at Shs115.62, valuing it at Shs4.62 trillion.
Stanbic Bank ended at Shs77.98 (Shs3.99 trillion market cap), dfcu Bank at Shs307 (Shs229.68 billion), and Quality Chemical Industries at Shs121 (Shs441.88 billion). Premium stocks like British American Tobacco Uganda traded at Shs12,500 (Shs613.5 billion), while Bank of Baroda was at Shs49.18 (Shs737.7 billion).
Smaller firms saw action too, including New Vision at Shs149, National Insurance at Shs5.00, and Uganda Clays at Shs4.5. USE’s February bulletin noted Shs13.75 billion in equity turnover, led by Stanbic at 56%.
Not all stocks gained; Umeme dipped to Shs57.99 (Shs94.19 billion). Cross-listed shares were mixed: Equity Bank at Shs2,270.58 (Shs8.41 trillion), KCB at Shs2,285.14 (Shs6.82 trillion), East African Breweries at Shs7,714.15 (Shs6.1 trillion), and others like Centum and Kenya Airways varying.
This rally points to a robust equities market, with potential for ongoing growth if trends hold.
Source: Daily Monitor (Uganda)