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It is always worth comparing one-day share price movements to longer term periods to get a fuller picture
Thursday 01 Feb 2018 Author: David Stevenson

Construction company Kier’s (KIE) shares soared by 10.1% to £11.04 on 25 January as it made a reassuring statement to the market about the fallout from the collapse of Carillion (CLLN).

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.

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