Telecoms operator Safaricom’s #ticker:SCOM market valuation shed Sh20 billion in the first week of opposition coalition Nasa’s call on their supporters to boycott the firm’s services.
The marginal drop in the share price is seen to signal the resilience of the company, which accounts for nearly 40 per cent of trading at the Nairobi Securities Exchange (NSE), and to be a reflection of the fact that investors have yet to get enough information on the boycott’s potential to move the market in either direction.
