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Safaricom dividend pay pulls NSE to one-year low
Securities trader Mbuthia Irungu at Nairobi Securities Exchange (NSE) trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG
Investors at the Nairobi Securities Exchange (NSE) #ticker:NSE lost Sh73.2 billion in a week and the value of the bourse sank to one-year low on reduced interest on Safaricom #ticker:SCOM after the telecoms operator paid a multi-billion shilling dividend.
The market capitalisation dropped to Sh2.426 trillion on Thursday from Sh2.499 trillion when the bourse opened on Monday, marking the lowest valuation of shares since April 8 last year.
