Communication Sector Sees Kenyan Stock Market Down 4.3%

October 31, 2023

0 Less than a minute

Safaricom Stocks down 1% to close Day at Ksh.13.8 — Safaricom Shop along Kenyatta Avenue, Nairobi

Over the last seven days, the market has dropped 4.3%, driven by a loss of 8.0% in the Communication Services sector.

The market has dropped 32% in the last year. Earnings are forecast to grow by 8.4% annually.

Safaricom has seen its stock value drop by 8.1% for the past week.

The telco is currently trading at Ksh.12.5 per share. It has lost 9.4% in share valuation in under two weeks.

Over the year, Safaricom has lost 50.2% in value.

October 31, 2023

0 Less than a minute

Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.