Safaricom share price hit a new record high on Wednesday, after it jumped 5.6 per cent to Sh28.25 per share.
The rapid increase was prompted by the return of foreign investors to the Nairobi Securities Exchange (NSE) after political upheaval in the country lowered following Monday’s Supreme Court decision that upheld October 26th repeat presidential election.
Experts say that the price could jump further should foreign buyers continue to show interest in buying shares from the telecommunications firm.
“We’ve seen a lot of interest from foreign buyers in the last few sessions. This is expected to continue as the market recovers from the election slump,” said Stella Wambugu, a dealer at Standard Investment Bank (SIB).
Last month, opposition National Super Alliance (NASA) announced a boycott of Safaricom products, after linking the telco to an election rigging scheme that the coalition said benefited its Jubilee opponent.
Safaricom has since registered a decrease in income, but analysts blamed the fall to general market moves that are not connected to Nasa boycott call.
Is the boycott happening in…
Is the boycott happening in Kenya or somewhere else?
Effect of boycott! Mute,…
Effect of boycott! Mute, mute and muted.
So much of immature…
So much of immature celebration of the boycott is working hugely 🙂
They are steal losing…
They are steal losing customers and eventually the price will fall.It is all about the bottom line Watch their year end earnings then you can celebrate.
They are not losing…
They are not losing customers; they are losing NASA goons who do not matter anyway.
Safaricom has indicated an…
Safaricom has indicated an 80% drop in those irritating “please call me” messages since the boycott started. The network is also much clearer since you don’t have poverty stricken jaruos flashing you every 5 minutes.
Did you know that NASA guys…
Did you know that NASA guys don’t own shares in this companies. All they did is to use please call me!
Witchcraft Raila ONDINGA is…
Witchcraft Raila ONDINGA is defeated in Jesus name his roadsroad and plan to jeopardise Kenyan economy is defeated in holy name. Devil is a lier
Raila ONDINGA plans of evil…
Raila ONDINGA plans of evil in this country will be defeated this declared the Lord. Who is this rucifer that wishes his country men and his country evil? God is in control
This evidence that Boycotts…
This evidence that Boycotts are good for business.
NASA should boycott more products,services and companies.