Clover warns of sluggish trade in festive season
Clover’s December 2016 trading volumes were markedly lower than for December 2015, the dairy company said. This pushed the share down 6.62% by the close on Wednesday. In late 2016, strong trading was critical during the festive season to match the performance in the same period in 2015, Clover said. “Shareholders are hereby advised that December volumes tracked markedly lower than the comparative period,” the group, led by CEO Johann Vorster, said in a trading update on Wednesday.