The wealth of Kenya Re investors has dropped by nearly a quarter or Sh1.9 billion since award of bonus shares to investors, signifying a selloff by shareholders in the aftermath of the grant of the new units.
Kenya Re’s market capitalisation has fallen by 24.3 percent from Sh7.9 billion on June 25 when the company closed its register for the bonus shares to Sh5.9 billion on Wednesday this week with the share price falling from Sh2.83 to Sh1.07 in the period.
