Prime

HF price doubles as investors bet on a turnaround

HF Group chief executive Robert Kibaara during the launch of a new product in September. PHOTO | SALATON NJAU

By  Victor Juma

Business Editor

Nation Media Group

The share price of mortgage financier HF Group #ticker:HFCK has doubled in six weeks to close at Sh7.04 Monday, marking one of the sharpest short-term rallies on the Nairobi Securities Exchange (NSE) this year.

The stock has gained rapidly from lows of Sh3.5 recorded on August 16, partly reversing a steady fall from highs of Sh40 in 2014.

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