As the bell struck on Thursday morning trading began at the Uganda Securities Exchange - basically a small office in central Kampala.
This time there is an extra company listed - Bank of Baroda Uganda.
It means more work for the half a dozen brokers in their bright red jackets buying and selling shares on behalf of the investors.Trading takes place two mornings a week. And no, this is not the hive of activity you will find in other markets in capital cities around the world.
At the end of 20 minutes of trading, nine deals had been made and over 86,000 shares traded.
And on the first day on the exchange the new Bank of Baroda shares had risen in value by 16%.
Good news for those who had bought shares in the bank.
The Ugandan Stock Exchange in Kampala was set up two years ago and the signing of the Bank of Baroda takes the total number of companies listed to just five, making it one of the smallest in Africa.
This time there is an extra company listed - Bank of Baroda Uganda.
It means more work for the half a dozen brokers in their bright red jackets buying and selling shares on behalf of the investors.Trading takes place two mornings a week. And no, this is not the hive of activity you will find in other markets in capital cities around the world.
At the end of 20 minutes of trading, nine deals had been made and over 86,000 shares traded.
And on the first day on the exchange the new Bank of Baroda shares had risen in value by 16%.
Good news for those who had bought shares in the bank.
The Ugandan Stock Exchange in Kampala was set up two years ago and the signing of the Bank of Baroda takes the total number of companies listed to just five, making it one of the smallest in Africa.
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