Speculators are taking a big bet on the Uchumi Supermarkets share price despite the company’s financial woes, branch closures that have wiped out sales, and inability to service historical debt to suppliers and banks.
Trading data from the Nairobi Securities Exchange (NSE) shows that the retailer’s stock is the most traded in the commercial and services segment of the market, ahead of firms like Kenya Airways (KQ), TPS Eastern Africa and WPP Scangroup.
