• About Us
  • Archives
  • SWG Registration
Samrack Media
Mahiga Homes
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
Samrack Media
No Result
View All Result

Safaricom valued at more than 9 top NSE firms combined

samrack by samrack
January 16, 2017
in Africa, Diaspora, Kenya, Kenya Diaspora News, News, U.S Diaspora
A A
0
Safaricom valued at more than 9 top NSE firms combined
Share this
FacebookXPinterestEmailWhatsAppLinkedIn
An investor monitors trade at the Nairobi Securities Exchange. PHOTO | FILE

Safaricom valued at more than 9 top NSE firms combined

By CHARLES MWANIKI

Safaricom’s market valuation now outstrips the combined capitalisation of the next nine largest companies at the NSE, meaning the telecoms operator accounts for 40 per cent of the bourse’s total investor wealth.

The telecoms firm’s market valuation of Sh719 billion is Sh29 billion more than the combined market caps of EABL, Equity Bank, KCB, BAT Kenya, Standard Chartered, Cooperative Bank, Bamburi Cement, Barclays Kenya and KenGen. Previously its value was equal to the next top four.

Safaricom has been the best performing NSE top 10 counters over the past one year, with a share price gain of 10.5 per cent.

BAT follows with a 6.4 per cent gain, while the other eight counters have shed between 13 and 37 per cent over the period. The difference in performance of the two most commonly used indices at the NSE reflects the oversized impact of Safaricom’s large market cap.

The NSE All Share Index, which is market cap-weighted — hence Safaricom carries more weight here — has significantly outperformed the price-weighted NSE 20 share index over the past year, recording a softer decline of 12.7 per cent versus 24 per cent for the 20 share.

“Before putting money into the market, an investor needs to look at all the indices to get a balanced view. Given its higher weighting on the NSE All share index, Safaricom will influence this index more than it will the 20 share index,” said Sterling Capital head of research Eric Munywoki.

EABL remains the second largest listed firm with a market cap of Sh170 billion, with no other firm hitting the Sh100 billion mark.

READ: NSE 20 index edges toward 3,000 point barrier

Equity Bank is valued at Sh97 billion while BAT Kenya has overtaken KCB into fourth with a valuation of Sh85 billion compared to the bank’s Sh81.3 billion.

StanChart (Sh61.8 billion), Co-operative Bank (Sh59.2 billion), Bamburi (Sh56.3 billion), Barclays (Sh44.3 billion) and KenGen (Sh35.3 billion) complete the top 10.

Top 10 firms account for 78 per cent of the market’s total capitalisation, which now stands at Sh1.79 trillion, as well as a similar share of traded turnover.

Analysts say that this skewed distribution does not help the market grow, with institutional investors being forced to look at a small pool of counters that they can trade sufficient volumes.

The NSE has not been helped by the lack of a regular pipeline of big listings, which would expand the pool of large firms and also bring new investors into the market.

“If you take a look at the equities market as it is at the moment, trading activity is skewed; about 10 counters account for more than 80 per cent of trading volumes and market capitalisation out of 66 listings. This in itself is a market aberration,” said Dyer & Blair Investment Bank head of research Linet Muriungi.

Source; Daily Nation

Tags: 000 point barrierNSE 20 index edges toward 3Safaricom valued at more than 9 top NSE firms combined
Previous Post

Why Raila, Kidero are worried about August elections

Next Post

Isaac Kinity’s successful trip to Kenya

Related Posts

Mama Alice Wangui Mwaniki, in Nairobi, Kenya.
Diaspora

Promotion To Glory Alice Wangui Mwaniki

November 29, 2023
Benson Mbugua Hinga
Diaspora

Transition/Death Announcement of Benson Mbugua Hinga beloved son of Ben mbugua (uncle ben) and Lucy mbugua of Natick Massachusetts

November 29, 2023
Presidency Kenya/X Kenya's President Ruto has popularised the Kaunda suit
Africa

Kenya’s Parliament Enforces Dress Code Regulations, Restricts Kaunda Suits Within Premises

November 29, 2023
In 2020, she was the lead and project manager in the plan to repurpose two Kenya Airways Boeing 787 Dreamliners [Files Standard]
Diaspora

Engineer Hazel Wachira: Kenyan woman who turned Dreamliner into a cargo plane

November 28, 2023
Mama Alice Wangui Mwaniki, in Nairobi, Kenya.
Diaspora

Transition/Death Announcement of Mama Alice Wangui Mwaniki, in Nairobi, Kenya. Mama is mother to Nduta Mwaniki, and mother in-law to Joseph Oyugi, of Colorado

November 27, 2023
The United States Joins Kenya for Second Cyber and Digital Dialogue in Nairobi
Business

The United States Joins Kenya for Second Cyber and Digital Dialogue in Nairobi

November 27, 2023
Next Post
Isaac Kinity’s successful trip to Kenya

Isaac Kinity's successful trip to Kenya

Please login to join discussion
IKAN Business Partners IKAN Business Partners IKAN Business Partners
ADVERTISEMENT
ADVERTISEMENT
https://samrack.com/master-planned-and-fully-serviced-gated-communityherencia-is-a-premier-50-by-100-master-planned-gated-community-on-100-acres-along-bob-harris-road-off-thika-superhighway-exit-16/ https://samrack.com/master-planned-and-fully-serviced-gated-communityherencia-is-a-premier-50-by-100-master-planned-gated-community-on-100-acres-along-bob-harris-road-off-thika-superhighway-exit-16/ https://samrack.com/master-planned-and-fully-serviced-gated-communityherencia-is-a-premier-50-by-100-master-planned-gated-community-on-100-acres-along-bob-harris-road-off-thika-superhighway-exit-16/
ADVERTISEMENT
Royal Gardens Ngong Royal Gardens Ngong Royal Gardens Ngong
ADVERTISEMENT

Latest News

Promotion To Glory Alice Wangui Mwaniki

Transition/Death Announcement of Benson Mbugua Hinga beloved son of Ben mbugua (uncle ben) and Lucy mbugua of Natick Massachusetts

Kenya’s Parliament Enforces Dress Code Regulations, Restricts Kaunda Suits Within Premises

Engineer Hazel Wachira: Kenyan woman who turned Dreamliner into a cargo plane

Transition/Death Announcement of Mama Alice Wangui Mwaniki, in Nairobi, Kenya. Mama is mother to Nduta Mwaniki, and mother in-law to Joseph Oyugi, of Colorado

The United States Joins Kenya for Second Cyber and Digital Dialogue in Nairobi

Mixed fortunes as bipartisan talks end with no deal on cost of living

List of Top Performers in 2023 KCPE

US Embassy Rolls Out Stringent Measures for Student Visa Applications

Observance of the International Day for the Elimination of Violence against Women

We are grateful for your monthly or one-off donations To Samrack Media: Cash App No: 781-888-8770 $SAMRACK001

Money

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

by samrack
November 19, 2021
0

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency This week sees the launch of a new initiative to equip...

A simple guide to Government Bonds investing in Kenya

A simple guide to Government Bonds investing in Kenya

by samrack
September 17, 2021
0

A simple guide to Government Bonds investing in Kenya A treasury bond (T-bond) is a medium term to long term...

Politics

Retired President Uhuru Kenyatta in Mwingi on November 19, 2023 Image: HANDOUT

Don’t blame me for your failures, Uhuru tells Ruto

by samrack
November 19, 2023
0

Don't blame me for your failures, Uhuru tells Ruto Former President says government should instead address problems facing Kenyans instead...

Kenya-Led UN Force Deploys to Haiti Amidst Security Concerns

A step closer to Kenyan police deployment in Haiti

by samrack
November 19, 2023
0

A step closer to Kenyan police deployment in Haiti Kenya's National Assembly has approved the deployment of 1,000 police officers...

  • About Us
  • Archives
  • SWG Registration

© 2023 SAMRACK - Diaspora News & Updates; design by: Samrack.

No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events

© 2023 SAMRACK - Diaspora News & Updates; design by: Samrack.

Page generated in 1.072 seconds. Stats plugin by www.blog.ca