Safaricom share rises to 63pc of entire NSE
Wednesday May 26 2021
Safaricom Plc CEO Peter Ndegwa during the telco s 20-year celebration at the Nairobi Serena Hotel on October 27, 2020. PHOTO | NMG
By CHARLES MWANIKI
Summary
The telco claimed at least half of the market wealth a year ago and has been deepening its share of the NSE wealth since then.
Safaricom share has gained 8.2 percent or Sh3.25 a piece since Friday to close trading at Sh42.75 yesterday, adding Sh130 billion on its market value, taking it to Sh1.712 trillion.
Total market value stood at Sh2.72 trillion.
Safaricom’s #ticker:SCOM share of combined investor wealth at the Nairobi Securities Exchange (NSE) touched a high of 63 percent yesterday after days of a steady rise in its stock prices in a period that has seen other dominant counters shed value.