East African Portland Cement Company Top Gainer as Uchumi Supermarket Limited Declines

East African Portland Cement Company (PORT) was the top gainer of the day. It gained 9.64% to close at KES 45.50 which was a KES 4.00 gain in share price.

Uchumi Supermarket Limited (UCHM) was the top loser of the day. It had a loss of 9.94% to close at KES 7.25 which was a KES 0.80 drop in share price.

Safaricom Limited (SCOM) was the most traded share at the NSE. It traded 15,518,900 shares which was 53.39% of all shares traded in the market.

Equity turnover surged 110.3% to USD 7.9m.  Foreign investors were net sellers with participation at 81.2% compared to 70.4% in the previous session.

The winners

The other top gainers of the day were: Standard Group Limited (SGL), Eveready East Africa Limited (EVRD), Williamson Tea Kenya Limited (WTK) and Home Afrika Ltd (HAFR).

The losers

The other top losers of the day were: Atlas Development and Support Services Ltd (ADSS), Total Kenya Ltd (TOTL), Olympia Capital Holdings Ltd (OCH) and Kenya Commercial Bank Ltd (KCB).

Most Traded Shares

The other most traded shares of the day were: Equity Group Holdings Limited (EQTY), Kenya Commercial Bank Ltd (KCB), The Co-operative Bank of Kenya Ltd (COOP) and Mumias Sugar Company Ltd (MSC).

Indices

The NSE All Share Index gained 0.54 points to close at 143.47, while the NSE 20 Share Index gained 21.62 points to close at 4016.18.

News Summary

• Former KRA boss Michael Waweru joins TransCentury board of directors
• TransCentury appoints former KRA boss to board in turnaround bid
• Uchumi battles to recover Sh2bn from landlords
• AG puts share buyback clause in new Companies Act on hold
• IFC cuts Stanlib Reit investment after poor uptake
• NMG’s digital plan takes shape as new press starts rolling
• Auditors on the frying pan after ‘cooking’ of books at Uchumi
• Kenya Airways unable to pay its employees
• Phone firms scoff at plan to raise penalty slapped on poor service
• Former Mumias boss Otolo forms own audit company