Calls for rate cap review lift investor confidence in bank
1 weeks ago, 15:53
Calls for rate cap review is pushing bank stocks up on the Nairobi Securities Exchange (NSE), as investor’s confidence rebound. The calls to repeal the Banking Amendment Act, which was effected in September 2016 by various stakeholders led by the International Monetary fund (IMF) has seen bank counters rally, placing investors in profit-taking positions. “We are of the view that recent subdued level of trades on various stocks had a ripple effect on NSE’s total equity turnover and investors retu ...
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