Abacus Wealth Management

KQ Closes Below Rights Issue Price

For the second day running the Kenya Airways share has dipped below the rights issue price of Ksh. 14. Yesterday, the share momentarily hit Ksh. 13.60 but closed at KES 14.50 but today the share constantly traded below Ksh. 14.

The share opened at Ksh. 14 and within two hours it had fallen to sh. 13.50 per share. It rose to Ksh. 13.90 and had been ranging between Ksh. 14 and Ksh. 13.55 per share, closing at Ksh. 13.55 per share.

 

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