Mystocks shows that it closed at 21.50/- That's 9.47% down on the first day, but only 100 units traded.
I think this was a very poorly timed product launch. If it was in a bull market, Wanjiku would (as usual) come out in full speculation mode regardless of not being conversant with REITs.
But now you couple the liquidity crunch with bearish trend and then uncertainty about how good the returns would be, this one was going to be dead in the water.
But let's see, maybe with time (read at 10/-) it can be picked up; see how it goes.
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes