Nairobi, Aug. 31 -- The Capital Markets Authority (CMA) is investigating HFCB Group over last week's release of its financial results during trading hours in breach of capital markets disclosure rules.

CMA said it is reviewing the matter together with the Nairobi Securities Exchange (NSE) and will take action "as appropriate," raising the possibility of sanctions against the listed firm.

"The Capital Markets Authority is reviewing the matter together with the NSE and will take action as appropriate," CMA said in an emailed response to the Business Daily queries.

NSE last Thursday halted trading in HFCB shares for the entire trading session after receiving the company's financial report during market hours.

NSE strictly enforces a dail...