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Exterior view of a stone and sandstone building with a vertical maroon 'Safestay hostels & hotels' sign, looking up from street level toward a partly cloudy sky.

Safestay Shares Slide 32% as Occupancy Slump Hits Profit

Safestay shares fell sharply today as the hostel operator reported a 71% drop in first-half earnings, with falling occupancy outweighing gains from asset sales that strengthened its balance sheet.

By Asktraders News Team • 25th September 2026

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IG Demo Account
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Getting Started with IG Demo Account

Learning how to trade on financial markets can be rather daunting, especially for potential traders who have little…

13th August 2026

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Best Real Estate Stocks in Nigeria

Real estate investment trusts (REITs) not only offer tax advantages to investors, but they also increase accessibility to…

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Best Blue-Chip Stocks in Kenya
Shares In Kenya

5 Best Blue-Chip Stocks in Kenya

A stock that is considered a blue-chip belongs to a major, trusted company. Companies that have been around…

28th May 2024