Tag: nse

Mumias Sugar Stock Hit Zero in Weeks Leading to Closure

8 weeks before the announcement on the indefinite closure of Mumias Sugar Company, the stock price of the company hit zero Kenya shillings at the NSE. The share price had a drastic drop from Kshs 1.04 to 0.00 on 22nd February 2017 surpassing the 10% daily price depreciation or appreciation limit set by the Nairobi Stock ...

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