A mid-week block purchase of Safaricom shares by an unknown local institutional investor has halted the slide in the telco’s shares that had hit a 69-month low, triggering bargain purchases.
Nairobi Securities Exchange (NSE) data show Safaricom’s traded volume jumped to 57.13 million on January 18 from Tuesday’s 4.06 million, a rare surge for a counter that had witnessed sub 10 million trading for multiple days in recent weeks.
