SKS Microfinance Stock prices drop by 10 per cent July 28 2011

Indonesia stock info - SKS Microfinance Stock prices drop by 10 per cent July 28 2011 ; Share prices of country's only listed micro finance company SKS Microfinance tumbled by 10 per cent on the NSE today to extend losses for the fourth consecutive session today.

Marketmen said investors battered SKS shares on the National Stock Exchange after the company reported a net loss of Rs 218.7 crore for the quarter ended June 30, 2011.

The stock ended the day Rs 470.05 on the NSE, a steep loss of 10 per cent from its last close.

In a similar fashion, SKS's scrip took a beating on the Bombay Stock Exchange (BSE) as well, where it closed the day with 8.35 per cent loss at Rs 478.15.

The scrip has shed nearly 13 per cent on four days of straight losses on the BSE.

Decline in the stock was in tandem with the weakness in the broader market with BSE's 30-share Sensex shedding 85.97 points to close the day at 18,432.25.

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