Friday Midday NSE Market Update (1:30 PM EAT)
Uchumi has extended its explosive run into the end of the week. The stock is trading at KSh 0.74, up 8.82%, its highest level since February 2019.
Uchumi is now up 54% this week, up 100% in the last 31 days, and up 335% YTD, cementing one of the strongest rallies on the exchange.
- •Total market turnover stands at KSh 864M. Safaricom leads with KSh 578M, followed by BAT Kenya at KSh 178M, KCB at KSh 28M, and Equity at KSh 20M.
- •Foreign buys sit at KSh 68M, led by Safaricom at KSh 59M, Jubilee at KSh 5.5M, and Equity at KSh 3.2M, while foreign sells stand at KSh 431M, dominated by Safaricom at KSh 252M, BAT at KSh 177.9M, and Jubilee at KSh 684K.
- •Top gainers are ScanGroup (+9.41%), TotalEnergies (+9.32%), Uchumi (+8.82%), Standard Group (+6.64%), TPS Serena (+5.71%), and Africa Mega (+5.56%).
Main losers are Crown Paints (–9.82%), Sameer Africa (–5.35%), KCB (–4.62%), Longhorn (–3.45%), Umeme (–2.82%), and Sawmill (–2.61%).
The NASI is down 0.45% at midday.
Corporate News
BK Group: BK Group has reported KSh 7.5B Q3 net income, up 11.9% in KSh terms and 19.8% in Rwandan francs. Earnings have been lifted by a sharp drop in impairment costs, offsetting weaker non-funded income and a slight dip in operating income.
