The Rise, The Fall

The rise

Uchumi Supermarkets Ltd

Uchumi Supermarkets Limited was the week’s top gainer after edging upwards by 27.6 per cent during the period under review. The share price was up to Sh3.70 from the previous week’s close of Sh2.90. The stock emerged as the best performer due to news of a possible Sh1.2bn Government bailout. Year-to-date, its share price has shed 66.2 per cent of its value.

The fall

Olympia Capital Ltd

Olympia Capital Limited was the week’s top losing stock following a 28.3 per cent slide in its share price over the course of the week’s trading. Olympia Capital Ltd shares ended the week at a price of Sh2.15 from their previous closing price of Sh3.00. The stock was the week’s top loser due to local investor selling moving 20,400 shares. Year-to-date, its share price has shed 55.2 per cent of its value.

 

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