Fin24

Capitec drops to seven-week low

2012-08-30 16:32

Johannesburg - Capitec Holdings [JSE:CPI] share price came under continued selling pressure on Thursday‚ dropping another 3% to a seven-week lows after the banking group forecast slower earnings growth on Tuesday.

Headline earnings per share for the six months ending June 2012 are expected be 25%-35% higher than the previous interim period.

At 11:20‚ the share price was down 2.79% to R209‚ the lowest level since July 16. This brings the losses to more than 6% since Tuesday.