Johannesburg - Blue Financial Services [JSE:BFS] dropped 13% to 26 cents as investors locked in gains on the recent rally in its shares after the company reduced its half-year loss before tax to R164m from R205m.
"This is pure profit-taking after a recent rally," said a trader.
The shares rallied recently on its recapitalisation plan.
Charts show it may have plenty of upside. The stock's 14-day relative strength index, or RSI, is now at 58, well below the overbought level of 70.