New strategy ups Co-op Bank's investor confidence as stocks rise

NAIROBI: Co-operative Bank Group’s business restructuring plan could have received nod from investors.

This is after the bank’s share price at the Nairobi Securities Exchange (NSE) surged to Sh20.5 per share on average this week, from an average of 19.25 last week. The bank also became the top mover on the NSE on Tuesday, trading 4.99 million shares valued at Sh102.30 million - accounting for 18.8 per cent of market activity.