The slide in the share price of Safaricom to a two-year low has seen its share of investor wealth at the Nairobi Securities Exchange (NSE) decline to below 50 percent, easing market concentration concerns among the top four firms at the bourse.
The share closed on Wednesday trading at Sh22.50, valuing the firm at Sh907 billion which is equivalent to 47 percent of the Sh1.95 trillion total market capitalisation of listed firms at the NSE. The stock has lost 41 percent of its valuation since the beginning of 2022.
