Safaricom rallies to record Sh900 billion market value

Safaricom headquarters on Nairobi’s Waiyaki Way. PHOTO | DIANA NGILA

The Safaricom #ticker:SCOM share yesterday rallied to a historic market valuation of nearly Sh900 billion, signalling a strong vote of confidence in the performance trajectory of the telecommunications firm by investors.

The share touched a new all-time high of Sh23 in yesterday’s trading, closing the day at an average market price of Sh22.25.

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