Safaricom Plc ended Friday at 33.0 KES, and that is the number retail investors need to start with: the stock fell 2.8% on the day and has now dropped 5.4% over five sessions, sliding from 34.9 KES to 33.0 KES. The move came on the same day the company published its audited results for the year ended 31 March 2026, making this less a random sell-off than a market verdict on valuation, timing and near-term confidence.
Key figures
- Safaricom closed at 33.0 KES, down 2.8% on the day
- The stock is down 5.4% over 5 sessions, from 34.9 KES to 33.0 KES
- RSI stands at 25.79, pointing to heavy short-term selling pressure
- Safaricom trades on a P/E of 19.0 with a dividend yield of 4.55%
- Turnover in Safaricom reached 117.3 million KES on Friday
Market context: index up, but the tape was weak underneath
The first thing to understand about the Nairobi stock exchange today is that the headline index and the broader market told two different stories. The NSE 25 rose 0.82% to 2,792.78, yet market breadth was clearly negative with only 9 gainers, and counters out of . That matters because a falling Safaricom share price in a rising index can look contradictory until you see how narrow the day’s strength really was.