NSE gains Sh38bn on Safaricom, banks rally

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Nairobi Securities Exchange (NSE) on the trading floor of the Exchange building. 

Photo credit: File | Nation Media Group

Investor wealth at the Nairobi Securities Exchange (NSE) on Thursday rose by the biggest single-day margin in eight months at Sh38.6 billion on the back of gains on Safaricom and large banks.

The NSE’s market capitalisation, or investor wealth, stood at Sh1.563 trillion at the close of trading on Thursday compared to Sh1.524 trillion on Wednesday, with Safaricom accounting for just under half of the day’s gain at Sh16.02 billion after its share rose by 2.7 percent or Sh0.40 to close at Sh15.

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