Uchumi Supermarket was pushed up by speculative activity to the prime mover spot at the Nairobi Securities Exchange(NSE). This follows signs that it had reached a deal to clear an old debt, estimated at KSh 4.7 Billion.
When trading ended at the bourse 29th December 2020, Uchumi Supermarket, which has a market capitalization of KSh 102.19 Million, moved 1.02 Million shares. This was from 17 deals that resulted in a turnover of KSh 281,710.00.
Available data shows that Uchumi Supermarket shares have been trading between KSh 0.23 and KSh 0.40 over 52 weeks. It was selling at KSh 0.28 this Tuesday from the previous KSh 0.29 on Monday, a drop of 3.45%.
Top movers at the NSE
Other movers at the NSE on Teusday was KCB (934,600), KPLC (906,800), Safaricom (898,300) and KenGen( 413,500).
At the end of Tuesday’s trading session, turnover declined by 21% to KSh 86.52 Million on a volume of 5.38 Million and 710 deals.
The top price gainer was Sasini, which was up 9.65% to KSh 18.75. It was followed by Sameer Africa, which gained 9.52% to KSh 3.22, Stanbic, which was up 6.25% to KSh 85.00, TPS Serena, which rose 5.33% to KSh 15.80 and NBV, whose share price appreciated 4.35% to KSh 4.56.
Price losers at the bourse
The worst performers were led by Home Afrika, followed by Uchumi, Eveready, Carbacid Investments, and Nation Media Group.
All indices were up, with the NSE 20 rising 8.78 points to 1838.54. The NSE 25 rose by 18.20 points to 3363.65, while the benchmark NSE All-Share gained marginally by 0.31 to 150.60.
Derivatives market
The derivatives market had 5 KCB Group single stocks futures contracts valued at KSh 185,000 concluded. This was a decline in turnover from the 5 contracts valued at KSh 46,000 transacted this Monday.
The secondary bond market had bonds worth KSh 1.99 billion traded in 63 deals during Tuesday’s session. This is compared to the KSh 2.28 Billion achieved in 40 agreements on Monday.
ALSO READ: Uchumi Starts the Process to Clear Outstanding Debt
