Access Kenya’s share price hit a new all-time low of Ksh3.6 (US Cents 34), since it listed its shares in 2007, as supply for the stock far outweighed the demand, stock market dealers said.
Dealers said a foreign investor sold a huge chunk of shares, which resulted in Access Kenya’s shares trading at such lows last Wednesday.
NSE statistics show 149,800 Access shares were traded, during the Wednesday session, which was far higher than the daily average of shares traded this month.
Analysts predict tougher times ahead for the IT services company because Internet prices are getting cheaper and the market is becoming saturated with more providers eating into Access Kenya’s profits.
“We expect a solid performance from the company for the 2011 financial year, although the longer term competitive environment will remain challenging,” said analysts from Standard Investment Bank.
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Airtel finally launched their 3G

Since Saturday many internet service providers are down due to the TEAMS undersea cable cut. Even Safaricom internet was down over the weekend. But Access Kenya was running as usual,they seem to have a good back up line incase of any cable cuts.

He uses the AK logo as his avatar

Ati cartoons, lol! Qw, jitete na price, no. 1 indicator.