The Access Kenya Group share today opened the trading session at Kshs. 4.30, 5cents up from yesterday’s Kshs. 4.25 closing price. The counter moved 127,000 shares valued at Kshs. 539,750.
The share today closed at Kshs. 4.10, a seemingly modest drop of 5cents but in the case of an investor with 25,000 Access shares valued at just about a hundred thousand shillings, their portfolio lost Kshs. 1,250. Roughly 1.21% of your portfolio. Not too much right?
If the share price were to decrease at 5 cents every day, just like today, it would take just about 82 days before the share completely lost value. Some time in July or early August, depending on the national holidays, your Kshs. 100,000 investment would be completely wiped out.
Not so modest a price drop now, ey?
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