Uchumi Sustains Losing Streak, Down 9.4% To Ksh 0.87

The Kenyan equities market closed the trading session on Monday on a positive note, with all major indices finishing in the green, even as overall market activity declined sharply.

The NSE 20 Share Index and the NSE 25 Index gained 0.3% and 0.2%, respectively, while the broader market indicators—the NSE All Share Index (NASI) and the NSE 10 Share Index (N10)—each edged up by 0.1%, reflecting cautious optimism among investors.

Despite the upbeat performance, equity turnover plunged by 86.5% to USD 4.7 million, pointing to subdued participation. Local investors dominated trading activity, accounting for 76.7% of total trades, a sharp increase from 9.9% recorded in the previous session on Friday.

Safaricom emerged as the most actively traded counter, contributing 40.8% of the day’s total turnover. The telecoms giant’s share price remained flat at KES 28.20, with activity partly driven by foreign investor participation.

Banking stocks recorded mixed performances. Equity Group and Co-operative Bank were among the top gainers in the sector, rising by 2.8% and 1.7% to close at KES 64.25 and KES 23.65, respectively. In contrast, KCB Group and Standard Chartered Bank Kenya posted marginal declines of 0.4% and 0.2%, closing at KES 62.00 and KES 299.50.

Elsewhere, BAT Kenya edged up slightly by 0.1% to KES 460.25. Flame Tree Group Holdings stood out as the session’s top gainer, rallying 8.9% to close at KES 1.71. On the downside, Uchumi Supermarkets extended its losing streak, shedding 9.4% to KES 0.87, marking its eighth consecutive session of decline and closing as the day’s worst performer.

Foreign investors were net buyers during the session, posting net inflows of USD 1.3 million. Safaricom led foreign buying interest, while KenGen recorded the highest foreign selling pressure.

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