Uchumi stock falls 30pc as speculation fever cools

As per the CVA disclosures, Uchumi has 11 tenants paying it a monthly rent of Sh5.94 million.

Photo credit: File I Nation Media Group

The Uchumi Supermarkets share has shed 29.7 percent of its value in the last one week, handing investors who accumulated the stock at the peak of its recent rally a loss of Sh200 million on their holdings.

Uchumi closed at Sh1.30 per share on Tuesday, down from Sh1.85 per share a week ago, having fallen by between 9.4 percent and 9.7 percent in each of the last three trading sessions.

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