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Safaricom Stiffens Grip on Fixed & Mobile Data

BY · September 23, 2015 06:09 am

The equities market started in the positive zone, with the NSE All Share Index advancing marginally by 0.05% to perch at 147.27. The NSE-20 Share Index went up 0.14% to close the day at 4242.26. However, both market capitalisation and equity turnover bucked the trend as the former decreased by 0.01% to KES 2065.50 billion and the latter shed a significant 41.31%

to close at KES 0.220 billion. Market breadth (1.24x) tilted slightly in favour of advancers, as 21 stocks appreciated while 17 stocks declined.

Safaricom Ltd (NSE:SCOM) stiffened their grip on fixed and mobile data for the year ended June 2015 with market share perching at 9.2% with 10,965 subscribers in June 2015, a 51.8% increase from 7,222 subscribers recorded in June 2014. The telco has extensively grew their fibre reach and recently leased Kenya Electricity Transmission Company (Ketraco’s) Fibre optic cables.

Wananchi Group, owners of Zuku brand acquired the highest market share of 53.6 percent after the group subscribers surged by 43.6% registering 63,542 subscribers in June 2015. Telcom Kenya, recorded the highest drop in market share, shedding 9.8% market share in fixed internet to 1.8% in June 2015 from the previous 11.6% in June 2014.

Equity Market Highlights

Safaricom Ltd (NSE: SCOM) was the most traded stock accounting for 33.27% of the total value traded. Kenya Commercial Bank Ltd (NSE: KCB) was second accounting for 17.98% of the days traded value.

E.A. Portland Cement Ltd (NSE: PORT) climbed to dominate the top gainers list, scaling 10.00% to close the day at KES 55.00. Williamson Tea Kenya Ltd (NSE: WTK) garnered 9.88 % to close the day as the second best gainer at KES 367.00.

Trans-Century Ltd (NSE: TCL) lead the losers pack slipping by 8.57% to close at KES 12.80. Longhorn Publishers Ltd (NSE: LKL) followed closely as it retreated by 4.76% to KES 7.00 to close as the second biggest loser for the day.

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