KCB market value falls below Sh100bn as bear run deepens

KCB Bank

KCB Kipande branch in Nairobi.

Photo credit: File | Nation Media Group

KCB Group’s market value has dropped below Sh100 billion amid a deepening market selloff that has generated major paper losses for most firms listed on the Nairobi Securities Exchange.

The lender’s share price dropped 2.64 percent on Wednesday to close at a new 52-week low of Sh29.45.

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