The Limuru Tea Company counter yesterday closed 8% down in trading.
The stock lost KES 40 to close at KES 460 from the previous day’s closing price of KES 500 with just 200 shares traded in a single deal. Last week the share reached a new 5-year high of KES 500, growing by over 60% in the last year from levels of KES 300 in July 2011.
The KES 40 drop in price, not so big in percentage terms (8%) considering the KES 460 closing share price and the appreciation over the year, is one of the biggest price drops in recent months.
Below is a snapshot of the share’s performance in the last 6 months, rising 35.3% and KES 120 in value.
