Home Business Safaricom dividend pay pulls NSE to one-year low

Safaricom dividend pay pulls NSE to one-year low

nairobi securities exchange bourse
[Image source: Riccardo Gangale | Bloomberg]
Share


Business Daily | by Constant Munda


Investors at the Nairobi Securities Exchange (NSE) lost Sh73.2 billion in a week and the value of the bourse sank to one-year low on reduced interest on Safaricom after the telecoms operator paid a multi-billion shilling dividend.

The market capitalisation dropped to Sh2.426 trillion on Thursday from Sh2.499 trillion when the bourse opened on Monday, marking the lowest valuation of shares since April 8 last year…

Read more…

 


Share

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version