21st February 2021
Sechaba investors are increasingly becoming pessimistic about the company’s future, with some this week sending the brewer’s share price tumbling, concerned about the almost two months alcohol ban imposed by the government.
The shuttered Sechaba Brewery Holdings lost 6.7 percent of its share price in a single week to trade at P18.25, a sign that the shareholders are becoming fed up with the alcohol ban that has forced the company to temporarily close operations. The share price had been resilient despite the alcohol ban that has been in place since the beginning of the year, but on Monday the stock that opened the year trading at P20.65 shed P1.40 from its value, and the following day the share price dropped by a further P1.