DAILY PRICE LIST 4th September 2015
COUNTER OPENING CLOSING VOLUME MARKET HIGHLIGHTS PRICE PRICE TRADED UGX UGX Trading volume: 1,824,322 BATU 8,700 8,700 0 BOBU 155 155 6,250 Turnover (UGX):1,081,426,514 CENT 1,746 1,737 0 Crested-8 Index: 110.59 DFCU 980 980 800 EABL 9,702 9,600 0 TRADER’S REPORT EBL 1,464 1,449 0 JHL 19,051 17,490 0 UMEM was outstanding with a turnover KA 199 197 0 of UGX1.08Bn from 1.80Mn shares KCB 1,552 1,536 0 traded. DFCU came in the second NIC 13 13 0 position having traded 6,20 shares NMG 5,821 5,655 0 yielding a turnover of UGX968,750 NVL 600 600 300 .UCL was third with a turnover of SBU 33 33 2,624 UGX212,072 .NVL and NIC were the UCHM 300 302 0 other counters that traded with turnovers UCL 14 14 15,148 of UGX 180,00 and 86,592 from trading UMEM 600 600 1,800,000 300 and 2,624 shares respectively.
STOCK MARKET NEWS FEED.
Equity picks a new fight with Safaricom over M-Pesa fees:
Uganda: Equity Bank Group has written a protest letter to the Central Bank of Kenya (CBK) objecting to Safaricom’s intended increase of charges on bank-to-MPesa transfers, which once effected will raise fees charged on Equitel — its mobile banking service. Safaricom has been charging banks a flat rate of Kshs33 for customers who move money from their bank accounts to their own M-Pesa accounts or those of third parties. The telecommunications operator has, however, notified the lenders that these transactions will, effective December 1, be charged at the same rate as those incurred by customers sending money from their M-Pesa accounts to other M-Pesa subscribers. This means that the rate of transferring cash from a bank account to the M-Pesa account will rise sharply for amounts exceeding Kshs1, 500. The fees will, for example, rise 233.3 per cent to Kshs110 for those moving Kshs70, 000 from their bank accounts to M-Pesa. Equity’s new mobile money service Equitel has been hit hardest by the changes, with cash transfers from the platform to M-Pesa rising from the flat rate of Kshs33 by up to 266.6 per cent to Kshs121 on a transfer of Kshs35,000. While the decision is set to earn Safaricom more revenue on the bank-to-MPesa transactions, Equity sees it as a move to discourage the uptake of its Equitel service as it will now be more expensive to send money to M-Pesa. “We cannot rule out the increase being retaliation to the increasing uptake of Equitel, an innovative channel to access the bank made available in partnership with our affiliate Finserve Africa Limited that is licensed by the Communications Authority,” Equity CEO James Mwangi told CBK governor Patrick Njoroge in the letter dated August 28. [Source: Business Daily]
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