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Housing Finance, I&M shares fall despite profit gains

An investor monitors trading at the Nairobi Securities Exchange. PHOTO | FILE

Housing Finance share price dropped marginally while I&M Holding remained flat despite the two lenders declaring profit gains, signalling low investor appetite for bank stocks.

HF, which reported a 7.8 per cent profit growth, saw its share trade at an average Sh14.55 down from Monday’s Sh14.70 while I&M, which recorded a 16.4 per cent growth did not have any activity, remaining at Sh95 a unit.

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Note: The results are not exact but very close to the actual.

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