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词条 Uganda Securities Exchange
释义

  1. Trading

  2. Market listing

     Notes on market listings 

  3. Ownership

  4. See also

  5. References

  6. External links

{{Infobox company
| name = Uganda Securities Exchange
| logo = UGANDA SECURITIES EXCHANGE LOGO.png
| type = Stock Exchange
| key_people = Charles Mbire
Chairman
Paul Bwiso
Chief Executive Officer[1]
| industry = Finance
| products = Securities
| foundation = {{start date and years ago|1997}}
| location = Kampala, Uganda
| homepage = Homepage
}}

The Uganda Securities Exchange (USE) is the principal stock exchange of 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's central bank.[2]

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.[3]

As of July 2014, the USE traded 16 listed local and East African companies and had started the trading of fixed income instruments.[4] The exchange is a member of the African Stock Exchanges Association.[5]

The USE operates in close association with the Dar es Salaam Stock Exchange in Tanzania, the Rwanda Stock Exchange, and the Nairobi Stock Exchange in Kenya. According to published reports in 2013, there were plans to integrate the four exchanges to form a single East African bourse.[6][7]

Uganda All Stock Index (ALSIUG) is the benchmark Index of the Uganda Securities Exchange.[8]

Trading

A published report in February 2011 claimed that USE would increase trading to five days a week in March 2011.[9]

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.[10] In 2010, the USE was the best performing stock exchange in Sub-Saharan Africa, with an All-Shares Index return of 74 percent between January and November 2010.[11] 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.[12][13]

Market listing

{{asof|September 2018}}
Number Symbol Company Notes
1. BOBU Bank of Baroda (Uganda) Finance, banking
2. BATU British American Tobacco Tobacco products
3. DFCU DFCU Group Finance, banking
4. EABL East African Breweries Brewing, gin, distilled beverages
5. JHL Jubilee Holdings Insurance
6. KA Kenya Airways Aviation
7. KCB KCB Group Finance, banking
8. NVL New Vision Group Printing, publishing, broadcasting, television
9. SBU Stanbic Bank Uganda Limited Finance, banking
10. UCL Uganda Clays Limited Manufacturing, construction materials
11. EBL Equity Group Holdings Limited Banking, finance
12. NIC National Insurance Corporation Insurance
13. UCHM Uchumi Supermarkets[14][15] Supermarkets
14. NMG Nation Media Group[16] Publishing, printing, broadcasting, television
15. CENT Centum Investments[17] Investments, private equity, real estate
16. UMEME Umeme[18][19] Power distribution
17. CQCIL Cipla Quality Chemical Industries Limited[20] Pharmaceutical manufacturing

Notes on market listings

(1) East African Breweries Limited, Kenya Airways and Jubilee Holdings, are primarily listed on the Nairobi Stock Exchange and are cross-listed on the Uganda Securities Exchange and on the Dar es Salaam Stock Exchange.[21]

(2) Centum Investment Company Limited, Equity Group Holdings Limited, and Jubilee Holdings are listed primarily on the Nairobi Stock Exchange and are crosslisted on the USE.[22] (3) Kenya Commercial Bank Group and Nation Media Group are listed primarily on the Nairobi Stock Exchange and are crosslisted on the USE, the Dar es Salaam Stock Exchange, and the Rwanda Stock Exchange.[23] (4) Uchumi Supermarkets, a regional supermarket retailer with headquarters in Nairobi, Kenya, is listed on the Nairobi Stock Exchange, is crosslisted on the USE and the Rwanda Stock Exchange, and plans to crosslist its shares on the Dar es Salaam Stock Exchange.[24] (5) Umeme, the largest electric power distributor in Uganda, is listed primarily on the USE and is crosslisted on the Nairobi Stock Exchange.[21] (6) Equity Group Holdings Limited is listed primarily on the Nairobi Stock Exchange (2006). It is crosslisted on the USE (2009) and the Rwanda Stock Exchange (2015).[25] (7) In February 2015, Ugandan media indicated that both 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.[26]

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.[3] 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.[27]

The shareholding in the stock of the Uganda Securities Exchange is as depicted in the table below.[27]

Uganda Securities Exchange Stock Ownership
Rank Name of OwnerPercentage Ownership
1 African Alliance Uganda Limited
14.29
2 Baroda Capital Limited
14.29
3 Crane Financial Services Limited
14.29
4 Crested Capital Limited
14.29
5 Dyer & Blair Uganda Limited
14.29
6 Equity Stock Brokers Uganda Limited
14.29
7 UAP Old Mutual Financial Services Limited
14.29
Total
100.00
Note The totals are slightly off due to rounding.

See also

  • Economy of Uganda
  • ALTX East Africa Exchange
  • Uganda shilling
  • List of stock exchanges in the Commonwealth of Nations

References

1. ^{{cite web | title=USE gets new chief executive | first=Mark Keith |date=20 February 2015 | url=http://www.monitor.co.ug/Business/Markets/USE--new--chief--executive/-/688606/2629074/-/rrelx9/-/index.html | last=Muhumuza | accessdate=25 July 2015 | newspaper=Daily Monitor|location=Kampala}}
2. ^{{cite web | accessdate=23 October 2016 | url=http://www.observer.ug/viewpoint/46007-bank-of-uganda-governors-and-the-capital-markets-industry | title=Bank of Uganda governors and the capital markets industry | date=19 August 2016 | author=Geoffrey Onegi-Obel | newspaper=The Observer (Uganda) | location= Kampala}}
3. ^{{cite web | title=New law passed, gives Ugandan bourse nod to go public | url=http://www.theeastafrican.co.ke/business/Uganda-Securities-Exchange-get-nod-to-sell-shares-self-list/2560-3351748-12qoteyz/index.html | accessdate=23 October 2016 | date=20 August 2016 | first=James | last=Anyanzwa | location=Nairobi | newspaper=The EastAfrican}}
4. ^{{cite web | url=http://www.monitor.co.ug/Business/Automated-stock-market-to-start-trading-in-May/688322-2613044-5qxde6/index.html | title=Automated stock market to start trading in May | accessdate=19 August 2016 | date=5 February 2015 | newspaper=Daily Monitor | author=Mark Keith Muhumuza | location=Kampala}}
5. ^{{cite web | title=USE to increase trading days next year |url=http://www.monitor.co.ug/Business/Commodities/-/688610/1081266/-/bwy9j6/-/index.html | first=Walter | last=Wafula | date=31 December 2010 | publisher=Daily Monitor | accessdate=25 July 2015}}
6. ^{{cite web | url=http://www.ibtimes.com/east-african-stock-exchange-works-merge-buoyant-profitable-markets-1338415 | title=East African Stock Exchange In The Works To Merge Buoyant, Profitable Markets | accessdate=25 July 2015 | date=9 July 2013 | last=IBTimes Staff Reporter | newspaper=IBTimes | location=New York City}}
7. ^{{cite web | accessdate=25 July 2015 | date=9 July 2013 | first=and Polycarp Machira | url=http://allafrica.com/stories/201307090331.html | title=East Africa Hopes to Have Regional Stock Exchange in a Year - Experts | last=Winile Masinga | location=London | publisher=TrustMedia via AllAfrica.com}}
8. ^Uganda Securities Exchange Holidays
9. ^{{cite web | date=10 February 2011 | url=https://www.bloomberg.com/news/2011-02-10/centum-of-kenya-starts-secondary-trading-in-uganda-in-regional-expansion.html | title=Centum of Kenya Starts Secondary Trading in Uganda | first=Fred | last=Ojambo | accessdate=25 July 2015 | publisher=Bloomberg News}}
10. ^{{cite web | url=https://www.bloomberg.com/news/2011-01-03/ugandan-bourse-plans-to-expand-number-of-trading-days-daily-monitor-says.html | title=Ugandan Bourse Plans to Expand Trading Days, Daily Monitor Says | first=Ana | last=Monteiro | date=3 January 2011 | accessdate=25 July 2015 | publisher=Bloomberg News Quoting Daily Monitor}}
11. ^{{cite web | title=USE leads Sub-Saharan Africa in All Shares Index 2010 | newspaper=Daily Monitor | location=Kampala | accessdate=25 July 2015 | url=http://www.monitor.co.ug/Business/Business%20Power/-/688616/1082848/-/14xoo0cz/-/index.html | first=Martin Luther | last=Oketch | date=4 January 2011}}
12. ^{{cite web | url=http://www.theeastafrican.co.ke/business/Kampala-bourse-trading-platform-goes-live/-/2560/2803744/-/item/0/-/l78jpaz/-/index.html | title=Kampala bourse trading platform goes live | first=Bernard | last=Busuulwa | newspaper=The EastAfrican | accessdate=23 July 2015 | location=Nairobi | date=23 July 2015}}
13. ^{{cite web | accessdate=2 September 2015 | url=http://www.monitor.co.ug/Business/Technology/Automated-system-raises-USE-turnover-by-Shs17b/-/688612/2854586/-/115wkj0z/-/index.html | title=Automated system raises USE turnover by Shs17b | first=Martin Luther | last=Oketch | location=Kampala | newspaper=Daily Monitor | date=2 September 2015}}
14. ^{{cite web | publisher=New Vision | url=http://www.newvision.co.ug/news/637117-corporate-deals-to-stir-dull-market.html | title=Corporate deals to stir dull market | date=7 November 2012 | accessdate=6 July 2014 | first=David | last=Mugabe}}
15. ^{{cite web | title=Uchumi To Cross-List At Uganda Bourse This Year | first=Faridah | last=Kulabako | accessdate=25 July 2015 | date=29 August 2013 | publisher=Daily Monitor | url=http://www.monitor.co.ug/Business/Uchumi+to+cross+list+at+Uganda+bourse+this+year/-/688322/1971458/-/3q7r95/-/index.html}}
16. ^{{cite web |url=http://www.monitor.co.ug/Business/Commodities/-/688610/1027586/-/bte9hg/-/index.html | title=NMG to cross-list in Uganda on October 19 | accessdate=25 July 2015 | date=7 October 2010 | last=Faridah Kulabako | first=and Walter Wafula | publisher=Daily Monitor}}
17. ^{{cite web | accessdate=25 July 2015 |url=https://www.bloomberg.com/news/2010-12-29/ugandan-exchange-approves-secondary-listing-by-centum-investment-of-kenya.html | title=Uganda Approves Secondary Listing by Centum Investment of Kenya | first=Fred | last=Ojambo | date=29 December 2010 | publisher=Bloomberg News}}
18. ^{{cite web | title=USE welcomes Umeme listing | url=http://www.newvision.co.ug/mobile/Detail.aspx?NewsID=634118&CatID=407 | date=2012 | accessdate=25 July 2015 | last=Ilungole | first=Stephen | publisher=New Vision Mobile | location=Kampala}}
19. ^{{cite web | url=http://www.observer.ug/index.php?option=com_content&view=article&id=22382:umeme-lists-shares-today&catid=79:businesstopstories | title=Umeme lists shares today | date=29 November 2012 | first=Moses | last=Mugalu | publisher=The Observer (Uganda) | accessdate=25 July 2015}}
20. ^{{cite web| url=https://www.newvision.co.ug/new_vision/news/1484668/uganda-stock-market-growing |title=Why Uganda’s Stock Market Is Not Growing |newspaper=New Vision |access-date=24 September 2018 |date=29 August 2018 |first=Martin |last=Bakundana | location=Kampala}}
21. ^{{cite web | date=1 August 2013 | title=Umeme makes first trade at Nairobi Stock Exchange | first=David | last=Mugwe | accessdate=19 August 2016 | newspaper=Daily Monitor Mobile| location=Kampala|url=http://mobile.monitor.co.ug/Business/Umeme+makes+first+trade+at+Nairobi+Stock+Exchange/-/1055106/1933782/-/format/xhtml/-/fj96qoz/-/index.html}}
22. ^{{cite web | first=Faridah | last=Kulabako | url=http://www.monitor.co.ug/Business/-/688322/1098478/-/3dh735/-/index.html | title=Centum to cross-list on USE | date=31 January 2011 | accessdate=25 July 2015 | publisher=Daily Monitor}}
23. ^{{cite web | first=David | last=Mugabe | url=http://www.newvision.co.ug/D/8/220/685151 | title=KCB offers 2 billion shares to Rwandans | publisher=New Vision | date=18 June 2009 | accessdate=25 July 2015 | deadurl=yes | archiveurl=https://web.archive.org/web/20150725013550/http://www.newvision.co.ug/D/8/220/685151 | archivedate=25 July 2015 | df= }}
24. ^{{cite web | publisher=The EastAfrican | url=http://www.theeastafrican.co.ke/business/Uchumi-to-list-on-Kampala-bourse-next-Wednesday/-/2560/2063142/-/w6u9kw/-/index.html | title=Uchumi to list on Kampala bourse Wednesday | first=Hellen | last=Githaiga | date=6 November 2013 | accessdate=25 July 2015}}
25. ^{{cite web | accessdate=25 July 2015 |newspaper=Business Daily Africa | url=http://www.businessdailyafrica.com/Equity-debuts-at-the-Rwanda-Stock-Exchange/-/539552/2620812/-/10uea63/-/index.html | title=Equity debuts at the Rwanda Stock Exchange | first=George | last=Ngigi | date=11 February 2015|location=Nairobi}}
26. ^{{cite web | last=Oketch |title=They promised to sell shares, what happened? | url=http://www.monitor.co.ug/Business/Prosper/shares-USE-Prosper/-/688616/2625290/-/q6g5qj/-/index.html | accessdate=25 July 2015 | first=Martin Luther | date=17 February 2015 | newspaper=Daily Monitor | location=Kampala}}
27. ^{{cite web|location=Kampala | url=http://www.monitor.co.ug/Business/USE-becomes-public-limited-company-/688322-4125718-15du4pm/index.html |title=USE becomes public limited company |author=Martin Luther Oketch | newspaper=Daily Monitor | accessdate=5 October 2017 | date=5 October 2017}}

External links

  • Uganda pension funds control 19% shares on the USE - 14 August 2016
  • Uganda Securities Exchange website
{{Kampala District}}{{Uganda topics}}

7 : Stock exchanges in Africa|Finance in Uganda|Companies of Uganda|Kampala District|Companies established in 1997|1997 establishments in Uganda|Securities and exchange commissions

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