Persistent economic worries, weak returns from listed shares, closure of the dividend hunting season and fairly high interest rates on government securities have scared away several institutional investors from the Uganda Securities Exchange (USE) in spite of remarkable half-year results published by listed companies since last month.
Average stock market turnover amounted to less than Ush60 million ($16,001) per trading session in August while daily trading volumes averaged less than 500,000 shares according to recent USE trading reports, a sign of low institutional investor activity.
