NSE Midday Market Update – Monday, Dec 8 (2:00pm EAT)
Uchumi extended its relentless rally, hitting KSh 1.76 (+10%), the highest level since 2018 and now up 935% YTD, cementing its position as 2025’s strongest counter.
Market turnover stood at KSh 575M, driven by heavy flows into banking and telco names. KCB led with KSh 316M, followed by Safaricom at KSh 176M, while EABL, Equity and ABSA posted modest activity.
Foreign investors remained active with KSh 170M in buys led by Safaricom (154M) and Equity (9M).
Sells totalled KSh 210M, dominated again by Safaricom (148M) and KCB (59M).
The benchmark NASI fell 0.85%, extending last week’s weakness.
Top gainers were UCHM (+10%), NewGold (+6.78%), Unga (+6.77%), and SKL (+4.92%).
Decliners included Crown Paints (–9.62%), Scangroup (–8.70%), Sasini (–7.59%) and Eaagads (–7.40%).
