Kiwi shares are the underdogs of the past week. After the imposition of a fine and restrictive measures in relation to payments in favor of foreign companies, securities at once lost more than 20% of the price, returning to the March lows.
This is not the first such situation for the Bank, so investors reacted quickly and harshly. As a result, over the fall-winter 2020, Qiwi shares lost almost half their value, and in general, the decline may well continue, despite strong support around 800 rubles.
Some experts say that now is the time to “catch the falling ax”, that is, to pick up shares at such a low price, appealing to very good reporting. Here everyone must make their own choice, because, although the quotes have ceased to fall sharply, the Central Bank still has questions to the bank and the services have not been unlocked.
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