In yesterday’s trading, the counter dropped KE S 1.45 to close at KES 13.30 a share. During the day it dropped by greater margins and traded at KES 12.25 at some point.
This drop can be attributed to the announcement of a drop in annual profits from KES 1.237 billion last year to KES 446 million this year. See our analysis of their financial results here.
We will continue observing the performance of this counter over the course of the day.