The Kenya Airways #ticker:KQ share has retreated by 42 percent in the past one week following the announcement of a deeper loss in the year ended December 2019, leaving investors who bought at the peak of a mini rally in May looking at losses.
The stock was trading at Sh2 a share Thursday, down from Sh3.46 on May 26. It had gone up by a huge 302 per cent in the one month to May 26, with analysts saying this may have been fuelled by speculation surrounding the planned nationalisation of the company.
