SCOM January 9th, 2026 Update - EW Nation

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SCOM January 9th, 2026 Update

January 9, 2026

Kenya, Members, Non-Members, Stock

Safaricom PLC is Kenya’s dominant telecommunications and technology services provider, offering voice, data, mobile money (M-PESA), enterprise services, fixed and mobile broadband, and other digital products to customers in Kenya and Ethiopia. It is widely regarded as a bellwether of the Kenyan equity market due to its large market capitalization and systemic importance.

SCOM January 9th, 2026 Update

Updated: 1/9/2026 1:09 AM

Bottom Line: Higher in five waves to complete wave 3

Safaricom PLC is Kenya’s dominant telecommunications and technology services provider, offering voice, data, mobile money (M-PESA), enterprise services, fixed and mobile broadband, and other digital products to customers in Kenya and Ethiopia. It is widely regarded as a bellwether of the Kenyan equity market due to its large market capitalization and systemic importance.

01/09/2026 10:49EST (Last Price 29.35):

Favouring that wave 4 is unfolding, we anticipate further weakness towards the 38.2 Fibonacci level of wave 3 to complete wave 4.

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