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Kier’s 10% rally is not as impressive as some may think
It is worth putting the share price jump in the context of previous share price movements.
Kier’s shares had actually fallen from £11.47 to 955.5p between 16 and 23 January amid fears over its exposure to Carillion’s problems and negative broker comment about the strength of its balance sheet.
The rebound on 26 January is merely recovering the bulk of that lost territory.