Dear good people,

I have been observing the Ugandan stockmarket market for a while. What surprises me is the extremely low volume of trades. There was a day,no a single share was traded the whole day.

Blame it on the difficult economic conditions,but I also believe this is due to cumbersome nature of share certifcates business.

when Ug starts operating CDSC which is very we are likely to see an upsurge of activities. volumes should treble and prices of shares like stanbic Ug,currently trading at P/E of 10 should go up by atleast 50%!

More exciting will be when the markets of the EA countries are intergrated.

what is your take on this?


PKoli

Uganda has many opportunities,trading in the USE is good as the prices are good due to the relative strength of the kshs.

Integration of the stock mkts should be done gradually upon harmonisation of investment laws in the EAC.


Watu wachangamuke

All indications are that the Uganda stock exchange is an extremely important market to watch out for. We must also factor in the upcoming oil industry which promises not to be the 'african curse' but a very well controlled resource for the entire country.

Also as mentioned elsewhere once the East Africa bourses are intergrated the opportunities can only be better. For those who can go for them on a medium to long term basis.

What if the EA doesnt integrate?