18 Years on, This is how Safaricom is performing At the NSE

Safaricom Limited has for over 19 years been considered as the indisputable giant in the telecommunication sector in Kenya from offering a wide range of products to posting some profits that have often been considered as crazy. Some quarters have accused it though for trying to domineer the market.

This article looks at how Safaricom has been performing on the stock market in terms of share prices since January 2017 to June 2017. The article has taken the prices for a specific date across the months, that is, 13^th.

The table Image below shows how Safaricom Limited has been performing at share prices since January in shillings per share:

Source Soko Directory

The following image shows the relationship between the share prices on Safaricom between January and June in four categories; Average price, open price, high price, and low price.

Source Soko Directory 

Many people have been asking whether it is possible to invest in Safaricom Limited at the moment. According to most economic analysts, Safaricom Limited is ripe for investing in all the time. Mr. Obura, bought shares in Safaricom one a share was trading at 5 shillings per share. This is what he told the Nation, “There was no doubt Safaricom would surpass Kenya Electricity Generating Company (KenGen) once it started trading at the Nairobi Securities Exchange (NSE). Safaricom was raking in huge profits and I believed that buying the share at five shillings was a real bargain.”

READ: Safaricom Tops at the NSE on Monday as Turnover Retreats 

If Mr. Obura bought the shares at the time they trading at five shillings per share, let us see how his earnings per share have been since January using the image below:

Something very important to note about Safaricom at the NSE is that the company has never featured among the top losers since January except once and that was on 19^th of June 2017 where the company lost 2.13 percent as compared to the previous trading.

Safaricom has been among the top movers at the Nairobi Securities Exchange since January every day. Even today (20^th June 2017) the company is the top mover with a volume of 16.45 million and a market capitalization of 901.47 billion shillings.