Dis-Chem shares take a 7% dive

Dis-Chem Pharmacies plunged the most in nine months, by 7.1%, after it said a continuing wage strike would put full-year earnings below its guided range.

Loss of income and additional costs linked to the strike have amounted to R50 million to date. The strike, mainly affecting the wholesale operation, had a big impact in December, when same-store sales fell 2.5%.