East African Breweries stock declines to a 52-week low

Beer production line at the EABL plant in Ruaraka, Nairobi. 

Photo credit: File | Nation Media Group

The East African Breweries Plc (EABL) share price fell 3.8 percent on Wednesday to a new 52-week low as investors kept exiting the company after it reported a lower profit and halved its dividend in the year ended June.

The brewer's stock closed at Sh129.75 on Wednesday when it moved 1.95 million shares worth Sh253.7 million. The share price had stood at Sh135 on Tuesday when 10,400 shares were traded.

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