Tuesday, May 20, 2008

Liquidity problems on the Ugandan Securities Exchange

After 3 short months investing on the exchange, I have finally run into the
lack of liquidity on counters trading on the Ugandan exchange, having gone for 2 months
without being able to purchase some stocks yet I was bidding the maximum daily increase.

I guess it is time for a stock split on counters like BOBU so that share prices can grow faster
to stimulate liquidity.

New vision rights issue is coming up soon, in response the crowd is rushing to buy pushing up
the share price.

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