Eyes on NSE after Sa­fari­com boy­cott call

Business Daily (Kenya) - - TOP NEWS -

In­vestors will be keenly watch­ing the trad­ing of shares at the Nairobi Se­cu­ri­ties Ex­change (NSE) for any sig­nals that op­po­si­tion Na­tional Su­per Al­liance’s (Nasa) call on their sup­port­ers to boy­cott Sa­fari­com’s ser­vices has an im­pact on the com­pany’s per­for­mance. The tele­coms op­er­a­tor’s shares closed last week un­changed at Sh25.25 hav­ing gained 31.2 per cent so far this year. Sa­fari­com, which is Kenya’s largest tech­nol­ogy irm, ac­counts for 42.3 per cent of the NSE cap­i­tal­i­sa­tion and is the most liq­uid counter at the bourse – where for­eign in­vestors are most ac­tive.

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