Uchumi stock’s slow rally continues at the NSE

At a snail’s space, the stock of Uchumi Supermarkets is slowly improving, even though it is still below the 40cents mark.

Jumping 2.62% to Ksh0.39 on May 20, the share price of Uchumi was up for a sixth consecutive day of trading.

Rallying from Ksh0.29, the supermarket’s stock inched upwards for the whole of last week and at closing bell on Monday was 1cent below the Ksh0.40 mark.

Having been the highest gainer at the bourse on May 17, Uchumi was dethroned by Sameer Africa whose trading on May 20 was at Ksh2.64, a 9.09% improvement.

Also powering upwards was Umeme Ltd, which by closing bell was 8.38% better off at Ksh8.02.

Standard Group Limited was at Ksh29, a 5.45% increase in share price.

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Among the day’s decliners was Olympia Capital, which plunged 8% to Ksh2.30.

Total Kenya and Bamburi Cement also moved downwards, ending the day 6.98% and 6.58% worse off than the previous trading session.

Safaricom was the day’s biggest mover of shares in terms of volumes, transacting 5.7million stocks. KCB had 4.51 million shares moved, while Barclays Bank was also among the day’s top volume movers, at 2.67 million.

Overall, the bourse opened the week with a total of 18.3 million shares valued at Ksh540 million.

This was a decline as last Friday, the NSE had seen equity turnover of 26 million shares valued at Ksh620 million.

At the Bonds market, another decline was occasioned as bonds worth Ksh837 million were transacted compared to Ksh1.7 billion registered during the previous session.

Market indices were all down as follows;

• The NSE 20 share Index was down 29.04 points to stand at 2636.47.
• All Share Index (NASI) shed 0.15 points to settle at 145.18.
• The NSE 25 Share index shaved-off 1.72points to stand at 3525.80.

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