Safaricom Plc is back at the center of the Nairobi market on Friday, August 7, 2026, but the immediate story is not a rally. The stock closed at KES 35.2 after releasing audited results for the year ended March 31, 2026, and it is down 3.6% over the last 5 sessions, sliding from KES 36.5 to KES 35.2. Even so, SCOM remained the busiest counter on the board with KES 104.5 million in traded value, showing that investors are actively repricing the name rather than ignoring it.
That matters because Safaricom is not just another telecom stock on the NSE. It is one of the exchange’s defining heavyweights, and its role in mobile money through M-Pesa means its valuation often doubles as a read-through on Kenya’s digital consumer economy. On a day when the broader tape was weak, SCOM’s decline added to the pressure. Verified market data show the NSE 25 at 3,030.0 points, down 20.29% on the day, while market breadth was negative at 22 gainers, 25 losers and 8 unchanged out of 55 stocks.
Key figures
- KES 35.2: Safaricom closing price
- -3.6%: 5-session performance
- KES 104.5 million: traded value in SCOM
- 20.2x: price-to-earnings ratio
- : dividend yield