17 posts
Safaricom’s revenue growth masks margin erosion and regulatory risks as Ethiopia expansion weighs on profitability.
The Nairobi Securities Exchange closed mixed on June 3, with financials leading gains while Safaricom dragged telecoms lower after recent rallies.
The Nairobi Securities Exchange ended the session with modest gains in financials offset by a pullback in telecoms and select blue chips.
Safaricom surged 6.8% as dividend hunters piled in ahead of book closures. Meanwhile, KQ took a 4.6% hit—oil prices are frying its wings.
CIC led the charge with a 3.82% pop while TOTL got hit with a 1.79% reality check. Safaricom’s dividend season is stealing the spotlight—mark your calendars.
SCOM’s FY’23 earnings reveal a tale of two markets: Kenya’s resilient cash cow vs. Ethiopia’s cash-burning expansion. Can the dividend hold up?
The NSE All Share Index slipped 0.4% as Safaricom’s 1.8% decline offset gains in mid-caps. Turnover fell 12% to KES 2.1 billion amid thin activity.
The Nairobi Securities Exchange slipped 0.4% as Safaricom dragged the NASI to 189.23. Turnover surged 28% to KES 2.1 billion amid mixed sector performance.
The NSE All Share Index slipped 0.4% as Safaricom shed 2.1% on profit-taking. Turnover rose 12% to KES 3.2 billion. Banking stocks lagged amid mixed earnings signals.
The NSE All Share Index slipped 0.4% as profit-taking weighed on blue chips, while Safaricom added 1.8% on volume. Turnover rose 12% to KES 2.1 billion.
The NSE All Share Index slipped 0.8% as Safaricom and KCB led profit-taking in heavyweight counters. Turnover contracted 12% to KES 2.1 billion.
The NSE All Share Index slipped 0.8% as profit-taking capped gains. Safaricom led decliners despite resilient earnings outlook.