Nairobi, Nov. 14 -- Quickmart's share price fell 7.9 percent to Sh8.26 on Friday as buyers offered lower prices following a rally in the initial trades upon Thursday's listing on the Nairobi bourse.

The Sh0.64 decline in share price translated to a Sh2.56 billion drop in the company's valuation to Sh33 billion, even though the stock remains above its IPO price of Sh7.50 per.

Published by HT Digital Content Services with permission from Business Daily....