Monday Midday NSE Market Update (12.:15PM EAT)
Uchumi is extending last week’s strong run and trades at KSh 0.79, up 6.76% by midday and hitting a day high of KSh 0.81, the highest level since February 2019. YTD gains move past 360% as speculative activity stays elevated.
Turnover stands at KSh 396M on 15M shares. Safaricom dominates activity with KSh 351M traded on 11M shares. Co-operative Bank follows at KSh 9.6M turnover and Equity Bank at KSh 7M.
Foreign buys total KSh 65M, led by Safaricom at KSh 50M. Co-operative Bank records KSh 5.9M, while DTB posts KSh 5.3M.
Foreign sells reach KSh 164M, with Safaricom taking KSh 155M. Equity Bank accounts for KSh 5.3M and DTB KSh 3.5M.
The benchmark NASI is down 0.92% at midday.
Top gainers include Umeme (+9.97%), Longhorn (+7.01%) and Flame Tree (+6.10%). Kapchorua, NewGold and the NSE also trade higher.
Losers are led by Olympia Capital (–9.82%), ScanGroup (–6.09%) and KCB (–4.67%). Slim volumes in several mid-caps add to the declines.
