NIC Bank #ticker:NIC shares jumped 32 percent on news of merger talks with Commercial Bank of Africa (CBA), raising the mid-tier lender's shareholder wealth by Sh4.7 billion.
The bank share closed trading at Sh30 a piece, up from Sh22.65 on Thursday—reflecting a rise of 32.4 per cent in a day of increased demand amid thin supply of its stock at the Nairobi bourse.
