Umeme leads small cap stocks in price gains on improved dividend

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Umeme Customers making electricity payments at the Kampala Umeme branch. FILE PHOTO | NMG

Smaller firms at the Nairobi Securities Exchange (NSE) led by Uganda's electricity distributor Umeme had the highest stock price gains in the three months to March, helped by improved net earnings and dividend payout.

The top 10 gainers in the review period include Umeme whose share price rallied 57 percent and Kenya Orchids which jumped 44.2 percent.

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Note: The results are not exact but very close to the actual.