NSE Midday Market Update, Friday Dec 5th, 1:00pm EAT
Uchumi Supermarkets has extended its run for a 19th straight session. The share traded at KSh 1.60, up 9.59%, the latest leg in a sustained rebound that has pushed YTD gains to 841%.
East African Portland Cement’s rally eased for a second day. The share was down 9.86% at KSh 82.25 at midday after closing at KSh 91.25 yesterday, a drop of 8.06%, following a week of heavy gains linked to the Kalahari–NSSF stake deal.
Turnover stood at KSh 753M on 34.7M shares. Kenya Power led with KSh 196.8M and 16.4M shares. Safaricom followed at KSh 142M, Equity Group at KSh 131M, EABL at KSh 104M and Co-operative Bank at KSh 63.4M.
Foreign buys totalled KSh 142M, led by Equity Group at KSh 121M, with Safaricom at KSh 17.5M and KenGen at KSh 2.5M. Foreign sells came to KSh 79M, driven by Safaricom at KSh 77M, KenGen at KSh 1.1M and BOC Kenya at KSh 0.42M.
The NASI was down 1.13% at midday.
On the gainers list, Eaagads rose 10.00%, Uchumi climbed 9.59%, Centum gained 6.20%, EABL added 5.33%, TPS Serena was up 5.30% and Nairobi Business Ventures gained 4.90%. Losers were led by Unga, down 9.98%, Portland at 9.86% lower, KenGen down 9.13%, Standard Group off 8.67%, Jubilee down 6.66% and TotalEnergies down 3.52%.
