I could well be wrong but personally I think we are witnessing the downside to being within the index. If funds decide to underweight energy or bulk commodities then CPL holding is trimmed. If funds see outflows from investor redemptions then CPL is trimmed. If funds want to underweight the market and cash up as a defensive move then CPL is trimmed.
All in all I doubt this is company specific, more "beta" related.
If major shareholders were selling down the volumes would be much higher IMO. I feel comfortable holding and trust that company specific news will bring re-rates thus volume to overcome the sluggish market sentiment.
Of course this is all IMHO only
Good luck to holders.
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