MORRISONS ended the week in which its demotion from the FTSE 100 was confirmed with its lowest closing price since March 2003.
The supermarket group will move into the FTSE 250 later this month after it fell to being the 111th ranked stock by market capitalisation on the day the quarterly review took place.
Morrisons was valued at nearly £7bn in September 2013 but is now worth just half, at £3.45bn.
The share price closed on Friday at 147.9p – only the second time in 12 years that it has been below 150p.
On current market conditions, it would need to rise to around 200p to gain entry back into the FTSE 100, but it is more than 18 months since it had a sustained period at that level.
Morrisons share price fell steadily during the final 15 months of former chief executive Dalton Philips’ reign, who left in February.
Despite initially rallying when David Potts was chosen to replace him at the start of this year, its shares have struggled recently, as the markets adjust to the scale and expected duration of the turnaround plans.
