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Safaricom share has gained more than Sh160 billion in valuation in the last five trading sessions to lift the Nairobi bourse from a 17-year low caused by the coronavirus pandemic that has triggered a sell-off by foreign investors.
The share was trading at 28.60 on Friday, up 16.7 percent from Sh24.50 on Wednesday, March 25, when the market was at its low point. It had closed Thursday at Sh28.25 a share.
This translates to a Sh164.27 billion gain in its market capitalisation to Sh1.145 trillion, an equivalent of 54.8 percent of total value of investors’ wealth at the Nairobi Securities Exchange (NSE)
