Safaricom leads stock market rout at the NSE

Safaricom shop

A Safaricom Shop located along Kimathi Street as pictured on March 8, 2023.

Photo credit: Francis Nderitu | Nation Media Group

Safaricom’s stock fell 7.1 percent on Wednesday, helping to drive down the total value of listed shares by Sh70 billion to Sh1.857 trillion.

The telco’s share price closed at Sh20.90, down from Sh22.55 on Tuesday and marking a paper wealth fall of Sh64 billion.

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