Investors have seen significant paper loss holding KCB shares. The problem is that most Kenyan investors are herd investors. And the herd always gets slaughtered. In an analysis presented to a local investor early this year, this is part of the analysis presented and we had our first buy orders filled between Kes 15.00 and Kes 15.25.
The trade played out according to the analysis and in case this trade breaks lower, we have our orders in place. If not, KCB bank might have bottomed out if fundamentals don't trigger another sell-off.
The trade played out according to the analysis and in case this trade breaks lower, we have our orders in place. If not, KCB bank might have bottomed out if fundamentals don't trigger another sell-off.