Stockbrokers at the Uganda Securities Exchange trading floor. PHOTO | FILE
High interest rates charged on government securities and price valuation in some of the company shares have led to a decline in equity performance at Uganda Securities Exchange in the third quarter of 2015 compared with the same period last year.
Owing to a tight monetary policy by the Bank of Uganda that has been in place over the past five months, interest rates on government securities have shot up — for the 91-day Treasury Bill, the interest rate is 21.06 per cent, the two-year T-Bill is 20.59 per cent while that of five years is 20.31 per cent, the 10-year one is 19.53 per cent and the one of 15 years is 19.21 per cent.
