Safaricom’s #ticker:SCOM dominance of the NSE has hit a new peak after the telecommunication firm’s market valuation exceeded 50 percent of the Sh2.22 trillion stock market.
Safaricom’s valuation of Sh1.13 trillion at close of trading Thursday is now 50.7 percent of total investors’ wealth at the Nairobi Securities Exchange (NSE), a factor that is largely attributable to the bear run that has precipitated a sharp drop in the market capitalisation of other listed firms.
