Safaricom sheds 332.5bn in market cap as share retreats

NSE2608g

A stockbroker at the Nairobi Securities Exchange trading floor. FILE PHOTO | NMG

Safaricom has lost Sh332.5 billion in market value at the Nairobi Securities Exchange (NSE) in three months, with its share price falling 18.3 percent from an all-time high of Sh45.25 recorded on August 23.

The telco closed trading at Sh36.95 Wednesday when its market capitalisation stood at Sh1.48 trillion, down from the peak of Sh1.81 trillion.

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