Wednesday, March 19, 2008

High turnover on USE, Safaricom IPO impact

This week has had the highest turnover to date of the USE since inception.

On one particular day, turn over was 12 Billion UGX.

6 - BOBU - a block transfer of shares on an all or nothing basis (AON)
4 - BATU - announced a profit after making losses.
2 - UCL due to rights issue being second last trading day for the rights issue

In spite of the impending Safaricom IPO, we have so far not seen price drops as
shareholders liquidate existing share to purchase at the IPO in spite of several newspapers
and TV stations reporting drops in prices. I wonder where they are looking because this is not the case *yet*

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