Johannesburg - The share price of Nedbank Group [JSE:NED] share price has shrunk by almost 6% - to R8.51 - in the past two days.
On Tuesday the bank's shares slumped R4.01 or 2.65% to R147.50 and on Wednesday it gave up another R4.50 or 3.05% to R143.00.
Dealers cited reports attributing the fall to Citigroup which reduced its recommendation on the bank to "hold" from "buy."
On Tuesday the bank's shares slumped R4.01 or 2.65% to R147.50 and on Wednesday it gave up another R4.50 or 3.05% to R143.00.
Dealers cited reports attributing the fall to Citigroup which reduced its recommendation on the bank to "hold" from "buy."