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Britam Holdings stock down 7.94pc as supply rises steeply

Brokers on the trading floor of the Nairobi Securities Exchange. PHOTO | FILE

Britam’s stock dipped 7.94 per cent Wednesday to close at Sh11.60 after rising 26 per cent Tuesday to close at Sh12.60. Shares traded rose steeply to 1.16 million compared to Tuesday’s 93,700.

The share witnessed a sharp rise earlier on the back of news that the International Finance Corporation (IFC) was set to take up a 10.37 per cent stake in the insurer in a Sh3.5 billion deal.

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