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The Info List - Uganda Securities Exchange



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(i) (i)

The UGANDA SECURITIES EXCHANGE (USE) is the principal stock exchange of Uganda
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
, Uganda's central bank .

The exchange opened to trading in January 1998. At that 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, the USE traded 16 listed local and East African companies and had started the trading of fixed income instruments. The exchange is a member of the African Stock Exchanges Association .

The USE operates in close association with the Dar es Salaam Stock Exchange in Tanzania
Tanzania
, the Rwanda Stock Exchange , and the Nairobi Stock
Stock
Exchange in Kenya
Kenya
. According to published reports in 2013, there were plans to integrate the four exchanges to form a single East African bourse.

Uganda
Uganda
All Stock
Stock
Index (ALSIUG) is the benchmark Index of the Uganda Securities Exchange.

CONTENTS

* 1 Trading

* 2 Market listing

* 2.1 Notes on market listings

* 3 Ownership * 4 See also * 5 References * 6 External links

TRADING

A published report in February 2011 claimed that USE would increase trading to five days a week in March 2011.

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 were being considered for the exchange. In 2010, the USE was the best performing stock exchange in Sub-Saharan Africa
Sub-Saharan Africa
, with an All-Shares Index return of 74 percent between January and November 2010. 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.

MARKET LISTING

As of September 2015

NUMBER SYMBOL COMPANY NOTES

1. BOBU Bank of Baroda (Uganda) Finance, banking

2. BATU British American Tobacco
British American Tobacco
Tobacco products

3. DFCU DFCU Group
DFCU Group
Finance, banking

4. EABL East African Breweries
East African Breweries
Brewing
Brewing
, gin , distilled beverages

5. JHL Jubilee Holdings Insurance

6. KA Kenya
Kenya
Airways Aviation

7. KCB KCB Group Finance, banking

8. NVL New Vision Group
New Vision Group
Printing, publishing, broadcasting, television

9. SBU Stanbic Bank Uganda
Uganda
Limited Finance, banking

10. UCL Uganda
Uganda
Clays Limited Manufacturing, construction materials

11. EBL Equity Group Holdings Limited Banking, finance

12. NIC National Insurance Corporation
National Insurance Corporation
Insurance

13. UCHM Uchumi Supermarkets Supermarkets

14. NMG Nation Media Group
Nation Media Group
Publishing, printing, broadcasting, television

15. CENT Centum Investments Investments, private equity , real estate

16. UMEME Umeme Power distribution
Power distribution

NOTES ON MARKET LISTINGS

(1) East African Breweries
East African Breweries
Limited, Kenya
Kenya
Airways and Jubilee Holdings, are primarily listed on the Nairobi Stock Exchange
Nairobi Stock Exchange
and are cross-listed on the Uganda
Uganda
Securities Exchange and on the Dar es Salaam Stock
Stock
Exchange. (2) Centum Investment Company Limited, Equity Group Holdings Limited, and Jubilee Holdings are listed primarily on the Nairobi Stock Exchange
Nairobi Stock Exchange
and are crosslisted on the USE. (3) Kenya Commercial Bank Group and Nation Media Group
Nation Media Group
are listed primarily on the Nairobi Stock Exchange
Nairobi Stock Exchange
and are crosslisted on the USE, the Dar es Salaam Stock
Stock
Exchange, and the Rwanda Stock
Stock
Exchange. (4) Uchumi Supermarkets, a regional supermarket retailer with headquarters in Nairobi
Nairobi
, Kenya, is listed on the Nairobi
Nairobi
Stock
Stock
Exchange, is crosslisted on the USE and the Rwanda Stock
Stock
Exchange, and plans to crosslist its shares on the Dar es Salaam Stock
Stock
Exchange. (5) Umeme, the largest electric power distributor in Uganda, is listed primarily on the USE and is crosslisted on the Nairobi
Nairobi
Stock
Stock
Exchange. (6) Equity Group Holdings Limited is listed primarily on the Nairobi
Nairobi
Stock Exchange (2006). It is crosslisted on the USE (2009) and the Rwanda Stock
Stock
Exchange (2015). (7) In February 2015, Ugandan media indicated that both Housing Finance Bank
Housing Finance Bank
and Crane Bank, which had intended to list their shares on the USE, have since changed their plans and put their IPOs on hold.

OWNERSHIP

The exchange is owned by 16 stock brokers. In August 2016, a law was passed to allow the owners to sell shares in the stock exchange to members of the public through an initial public offering . On 18 May 2017, the USE demutualised and registered as a "public company, limited by shares". Its authorised share capital is Shs1 billion, consisting of 100 million shares of Sh10 each. At incorporation, the paid up capital was Shs42 million, with each of the founding investor firms owning 6,000,000 shares, each valued at Shs10 each.

The shareholding in the stock of the Uganda
Uganda
Securities Exchange is as depicted in the table below.

Uganda
Uganda
Securities Exchange Stock
Stock
Ownership RANK NAME OF OWNER PERCENTAGE OWNERSHIP

1 African Alliance Uganda
Uganda
Limited 14.29

2 Baroda Capital Limited 14.29

3 Crane Financial Services Limited 14.29

4 Crested Capital Limited 14.29

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* ^ Muhumuza, Mark Keith (20 February 2015). "USE gets new chief executive". Daily Monitor . Kampala. Retrieved 25 July 2015. * ^ Geoffrey Onegi-Obel (19 August 2016). "Bank of Uganda
Uganda
governors and the capital markets industry". The Observer (Uganda) . Kampala. Retrieved 23 October 2016. * ^ A B Anyanzwa, James (20 August 2016). "New law passed, gives Ugandan bourse nod to go public". The EastAfrican . Nairobi. Retrieved 23 October 2016. * ^ Mark Keith Muhumuza (5 February 2015). "Automated stock market to start trading in May". Daily Monitor . Kampala. Retrieved 19 August 2016. * ^ Wafula, Walter (31 December 2010). "USE to increase trading days next year". Daily Monitor . Retrieved 25 July 2015. * ^ IBTimes
IBTimes
Staff Reporter (9 July 2013). "East African Stock Exchange In The Works To Merge Buoyant, Profitable Markets". IBTimes
IBTimes
. New York City. Retrieved 25 July 2015. * ^ Winile Masinga, and Polycarp Machira (9 July 2013). "East Africa Hopes to Have Regional Stock
Stock
Exchange in a Year - Experts". London: TrustMedia via AllAfrica.com . Retrieved 25 July 2015. * ^ Uganda
Uganda
Securities Exchange Holidays * ^ Ojambo, Fred (10 February 2011). "Centum of Kenya
Kenya
Starts Secondary Trading in Uganda". Bloomberg News
Bloomberg News
. Retrieved 25 July 2015.

* ^ Monteiro, Ana (3 January 2011). "Ugandan Bourse Plans to Expand Trading Days, Daily Monitor Says". Bloomberg News
Bloomberg News
Quoting Daily Monitor . Retrieved 25 July 2015. * ^ Oketch, Martin Luther (4 January 2011). "USE leads Sub-Saharan Africa in All Shares Index 2010". Daily Monitor . Kampala. Retrieved 25 July 2015. * ^ Busuulwa, Bernard (23 July 2015). " Kampala
Kampala
bourse trading platform goes live". The EastAfrican . Nairobi. Retrieved 23 July 2015. * ^ Oketch, Martin Luther (2 September 2015). "Automated system raises USE turnover by Shs17b". Daily Monitor . Kampala. Retrieved 2 September 2015. * ^ Mugabe, David (7 November 2012). "Corporate deals to stir dull market". New Vision . Retrieved 6 July 2014. * ^ Kulabako, Faridah (29 August 2013). "Uchumi To Cross-List At Uganda
Uganda
Bourse This Year". Daily Monitor . Retrieved 25 July 2015. * ^ Faridah Kulabako, and Walter Wafula (7 October 2010). "NMG to cross-list in Uganda
Uganda
on October 19". Daily Monitor . Retrieved 25 July 2015. * ^ Ojambo, Fred (29 December 2010). " Uganda
Uganda
Approves Secondary Listing by Centum Investment of Kenya". Bloomberg News
Bloomberg News
. Retrieved 25 July 2015. * ^ Ilungole, Stephen (2012). "USE welcomes Umeme listing". Kampala: New Vision Mobile . Retrieved 25 July 2015. * ^ Mugalu, Moses (29 November 2012). " Umeme lists shares today". The Observer (Uganda) . Retrieved 25 July 2015. * ^ A B Mugwe, David (1 August 2013). " Umeme makes first trade at Nairobi
Nairobi
Stock
Stock
Exchange". Daily Monitor Mobile . Kampala. Retrieved 19 August 2016. * ^ Kulabako, Faridah (31 January 2011). "Centum to cross-list on USE". Daily Monitor . Retrieved 25 July 2015. * ^ Mugabe, David (18 June 2009). "KCB offers 2 billion shares to Rwandans". New Vision . Retrieved 25 July 2015. * ^ Githaiga, Hellen (6 November 2013). "Uchumi to list on Kampala bourse Wednesday". The EastAfrican . Retrieved 25 July 2015. * ^ Ngigi, George (11 February 2015). "Equity debuts at the Rwanda Stock
Stock
Exchange". Business Daily Africa . Nairobi. Retrieved 25 July 2015. * ^ Oketch, Martin Luther (17 February 2015). "They promised to sell shares, what happened?". Daily Monitor