MARKET PERFORMANCE |QUARTERLY BULLETIN | EQUITIES
Trading in the second quarter registered a tremendous decline as Uganda’s equity markets continued to feel the impact of COVID-19 pandemic. While the ultimate growth outcome is still uncertain, and an even worse scenario is possible if it takes longer to bring the health crisis under control, the pandemic will result in output contractions across the vast financial markets. Although Uganda is gradually easing the lock down measures instituted to contain the spread of the pandemic, the adverse consequences of the global impact of the pandemic on financial markets could persist through
the remaining part of 2020. (Source: Bank of Uganda June 2020 Monetary Policy Report) The second quarter of 2020 accounted for a total turnover of UGX 3.4 bn, compared to a combined total of UGX 25.6bn that was traded between April & June 2019.
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