Shares of Absa Group dropped nearly 7% to a five-month low after South Africa’s largest retail bank warned half-year earnings would fall by as much as 10%.
Absa shares were trading 6,9% lower at 145,60 rand, compared with a 0,04% rise by the Top-40 index at 0709 GMT.
Absa plunges after profit warning
Shares of Absa Group dropped nearly 7% to a five-month low after South Africa’s largest retail bank warned half-year earnings would fall by as much as 10%.
Absa shares were trading 6,9% lower at 145,60 rand, compared with a 0,04% rise by the Top-40 index at 0709 GMT.