Safaricom share sheds Sh124bn in 8 days at NSE

nse-floor

Nairobi Securities Exchange trading floor. PHOTO | NMG

The Safaricom #ticker:SCOM share has shed Sh124.2 billion in the last eight days of trading on price correction, pulling down the market value of the Nairobi bourse to a one-month low.

The share closed Monday trading at Sh35.90— a Sh3.10 drop from the all-time high of Sh39 that was sustained for three consecutive days to last Wednesday following the announcement of a surprise interim dividend.

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