The Uganda Securities Exchange (USE) recorded a weekly turnover of sh466.1m after more than 4.87 million shares changed hands across eight counters.

Equity trading at the Uganda Securities Exchange (USE) surged during the week, with turnover rising to sh638m from sh227m recorded the previous week.

Signs of volatile trading patterns at the Uganda Securities Exchange (USE) this year weighed heavily on business activity as large investors increased their exposure to blue chip companies but the real fallout on stockbrokers’ commission incomes remains unclear.

MTN’s share price hit a record high on Monday, fuelled by an institutional investor who snapped up 6.186 million shares from dozens of trades.