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C&G’s share price falls 17 percent on profit taking

Car and General Sales Executive Tom Mburu (second right), shows the TVS Wego motorcycle to riders during the Boda Boda Safety Awareness Day. PHOTO | POOL

By  Charles Mwaniki

Business Reporter

Nation Media Group

Car & General’s #ticker:CGEN stock price has retreated by 17 percent since hitting an all-time high of Sh72.75 a week ago, attributed to profit-taking after the dividend and bonus share-inspired price rally.

The share closed at Sh60.25 on Tuesday, having shed 9.7 percent in the day’s trading.

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