Safaricom’s Total Market Capitalisation Rises to 63%

Peter Ndegwa Safaricom Chief Executive

Shares of Safaricom were trading higher on Thursday, surging up to 3.85 per cent on the Nairobi Securities Exchange (NSE) to Ksh 37.80 per share compared to Wednesday’s closing price of Ksh 36.40.

As a result, the telco hit a market capitalization Ksh 1.52 Trillion

The positive sentiment from investors was as a result of an interim dividend of KSh 0.45 per ordinary share worth KSh 18.029 Billion that would be paid out for the year ended 31st March 2021.

The firm closed with a volume of 3,948,700 of the traded shares. 

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Total Kenya led the gainers with 8.94% share price appreciation closing at Ksh 25.60 per share, followed by Olympia Capital Holdings (+6.05%).

Nation Media Group was the days’ lose with its share price depreciating by 6.86% at Ksh 12.90 per share, followed by Eveready East Africa (-4.35%).

At the close of business at the NSE, a total of 10,419,100 shares were traded equivalent to a market value of Ksh 496,572,789.00c compared with Wednesday.

However, this was a  44% decline in volume, with a 14% improvement in turnover, and a 7% improvement in deals out of the 865 deals. 

The current NSE market capitalization is Ksh 2.45 trillion.

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