Safaricom dividend on a serious downtrend. Upon discussion at the exchange bar, I change my mind and will not purchase right now. Will sit it out, as further falls in the price are expected starting today. KES 12 is GUARANTEED within next 5 trading days..
The current share price of Safaricom Plc (SCOM) is KES 14.70. SCOM closed its last trading day (Thursday, May 11, 2023) at 14.70 KES per share on the Nairobi Securities Exchange (NSE), recording a 3.9% drop from its previous closing price of 15.30 KES. Safaricom began the year with a share price of 24.15 KES but has since lost 39.1% off that price valuation, ranking it 61st on the NSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that SCOM has lost 20% of the stock’s value from April 11th to date.
KQ ABP 4.26