Safaricom share now accounts for 58pc of all NSE stocks

Securities trader Joram Ongura at Nairobi Securities Exchange on August 26, 2020. PHOTO | SALATON NJAU | NMG

Safaricom’s #ticker:SCOM share of combined investor wealth at the Nairobi bourse touched a high of 58.79 percent on Wednesday after weeks of a steady rise in its stock prices in a period that has seen other dominant stocks shed value.

The telco claimed at least half of the market wealth on March 19 and has been deepening its share of Nairobi Securities Exchange (NSE) wealth since then, with strong gains coming from the first week of October.

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