The Nairobi Securities Exchange opened the new trading week on a softer note, even as Uchumi Supermarkets continued its extraordinary run, climbing to KSh 1.76 after hitting the daily 10% limit. The stock is now up an eye-watering 935% year-to-date, its highest level since 2018 and the standout performer of 2025.
Midday turnover reached KSh 575 million, with activity concentrated in banking and telecommunications stocks. KCB dominated trading with KSh 316 million in value traded, followed by Safaricom at KSh 176 million. EABL, Equity and Absa registered lighter but steady volumes.
Foreign participation remained robust. Offshore investors accounted for KSh 170 million in purchases, largely driven by Safaricom at KSh 154 million and Equity at KSh 9 million. On the sell side, foreign outflows totalled KSh 210 million, once again led by Safaricom at KSh 148 million and KCB at KSh 59 million.
The NSE All Share Index declined by 0.85%, extending the downward momentum carried over from last week.
Also Read: Tanzania Tells Non-essential Workers To Remain Home Independence Day
Uchumi topped the gainers’ list, alongside NewGold, which rose 6.78%, Unga at 6.77%, and Standard Investment Bank Holdings (SKL) up 4.92%. Losses were led by Crown Paints, which shed 9.62%, followed by Scangroup at 8.70%, Sasini down 7.59%, and Eaagads closing 7.40% lower.
Despite the broader market pullback, Uchumi’s rally continues to defy gravity, adding another improbable chapter to one of the year’s most unlikely stock market stories.
