Business Daily | by Patrick Alushula
Safaricom’s share of combined investor wealth at the Nairobi bourse touched a high of 58.79 percent on Wednesday after weeks of a steady rise in its stock prices in a period that has seen other dominant stocks shed value.
The telco claimed at least half of the market wealth on March 19 and has been deepening its share of Nairobi Securities Exchange (NSE) wealth since then, with strong gains coming from the first week of October.
Capital Markets Authority (CMA) has flagged the dominance of five companies…
