why is goinge down

The stock price of Joint Stock Company Kaspi.kz (KSPI) has experienced a decrease of -3.84% on July 25, 2025. The decline in KSPI's stock price can be attributed to a combination of factors: 1. **Macroeconomic Challenges**: The broader macroeconomic challenges are impacting Joint Stock Company Kaspi.kz's growth trajectory. This includes factors such as trade tensions, tariff fluctuations, and global economic uncertainties. 2. **Near-term Performance Concerns**: Despite delivering impressive organic growth and strong results during the first quarter, Susquehanna analyst James Friedman noted a shift in momentum towards the end of Q1 and early Q2. This has led to a more cautious expectation for the company's near-term performance. 3. **Stock-Specific Factors**: The company's recent guidance, which excluded any impact from its business in Türkiye, may have contributed to the stock's performance. Additionally, the transaction of acquiring 49% stake in JSC Tenge Bank from Halyk Bank of Kazakhstan Joint Stock Company for $60.8 million might have created uncertainty among investors. In summary, the decline in KSPI's stock price is likely a result of a combination of macroeconomic challenges, near-term performance concerns, and stock-specific factors. |code|Ticker|Name|Date|Percentage Change|market_code| |---|---|---|---|---|---| |KSPI|KSPI.O|Joint Stock|20250724|-3.8384|185| |KSPI|KSPI.O|Joint Stock|20250725|-0.7937|185|