Monday, June 10, 2013

Kenya Airways stock plunges ahead of data predicting loss

Kenya Airways Ltd., Africa’s third-largest airline, retreated to the lowest in more than three months on speculation that its full-year loss may be larger than initially estimated.

The stock dropped as much as 9.1 percent and closed down 1.8 percent at Ksh10.80 shillings (US$ 0.127) in Nairobi, the capital, the lowest since March 7.

Almost 500,000 shares were traded, equal to 1.1 times the three-month daily average volume.

Kenya Airways reported in November a first-half loss of

More details here...

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