Oct. 13 (Bloomberg) -- Housing Finance Ltd., Kenya’s only publicly traded mortgage lender, gained for the first day in five trading sessions on expectations its net interest income will grow.
The company’s shares climbed 0.6 percent to 16 shillings as of 2:02 p.m. in the capital, Nairobi, the biggest intraday gain since Oct. 6.
“There are positive sentiments about the third-quarter,” net interest income, said George Bodo, an equity strategist at Nairobi-based Apex Africa Capital Ltd, adding he forecasts quarterly net interest income growth of as much as 10 percent.
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