Equity Bank #ticker:EQTY has overtaken East African Breweries Limited #ticker:EABL as the second largest company by market capitalisation or investor wealth on the Nairobi Securities Exchange (NSE) #ticker:NSE.
The bank was worth Sh186 billion as at August 16, 2018, compared to EABL’s Sh168.4 billion on the same date. For a long time, EABL has been the second largest firm after telecoms giant Safaricom which is valued Sh1.15 trillion as of last Thursday. But the brewing giant has lost 14.5 per cent of its market value in the past six months and 20.8 per cent in the past 12 months. During the same time, the bank has gained 17.06 and 13.7 per cent respectively.
