My theorem
This is neither proven no based on recognised stock analysis, simply my observation.
KCB and Equity have been 'following' each other downwards and in flactuations from 25.00 to 20.00 to 19.00. Then the pattern stopped there, the prevailing macro-factors affecting both companies differently. Foreigners dropping KCB like hot potatoes. It held above 19.00 for a while as equity plunged to 16.00 at some point and has now recovered and is on a rally of some sorts at the moment.
Then came KCB turn to take the plunge which is on going. In the pattern that had established itself Equity "led" the way, and KCB would "follow", those who have been following might know what im alluding to.
However right now the plunge taken by KCB is far greater than the one witnessed by Equity, and i am left to wonder if this is the end of the patttern or not.
With the macro-factors taking their toll on both companies, it seems the market is more optimistic of equity's performance than KCB vis a vis the new market factors(inflation, higher interest rates) or the trend could still be there. All i can tell for certain is the great value of KCB at this price.
The investor's chief problem - and even his worst enemy - is likely to be himself