I&M share price reverses record gain with 34pc fall

I&M Bank

I&M Bank Limited Kenyatta Avenue branch in this picture taken on March 29, 2023.

Photo credit: File | Nation Media Group

I&M Group's share price has retreated 34.1 percent in four trading days, reversing most of the 66.3 percent one-day rally that lifted the stock to a record high of Sh34.25 on Wednesday last week.

The share price has been correcting steadily, dropping by close to the maximum allowed daily margin of 10 percent on small volumes.

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