Equity Bank’s #ticker:EQTY share has wobbled from Tuesday after the lender informed investors of a surprise withdrawal of dividend, before recovering some of the losses in the last two days as buyers returned to look for a friendly entry price.
The share closed Tuesday 5.4 percent down at Sh34.20 from Sh36.15 on Monday, when the lender disclosed the move to retain the dividend pay-out totalling Sh9.4 billion due to the need to conserve cash in the wake of the global Covid-19 pandemic.
