Uganda-based electricity distributor Umeme Limited’s share gained 40.3 percent last week in trading at the Nairobi Securities Exchange (NSE), helped by demand from investors looking to take advantage of a price correction following the closure of books on a Sh2.23 per share dividend.
The stock, which is among the best yielding at the market in terms of dividends, opened trading last Monday at Sh9.98 per unit but rallied during the week to close at Sh14 on Friday.
