Business Daily | by Patrick Alushula
The Safaricom share has shed Sh124.2 billion in the last eight days of trading on price correction, pulling down the market value of the Nairobi bourse to a one-month low.
The share closed Monday trading at Sh35.90— a Sh3.10 drop from the all-time high of Sh39 that was sustained for three consecutive days to last Wednesday following the announcement of a surprise interim dividend.
Safaricom share had dropped to Sh37.30 last Thursday, when the telco closed the shareholders’ register ahead of payment of Sh0.45 per share interim…
