KCB Group #ticker:KCB has nearly eliminated the market capitalisation gap between it and rival Equity Group #ticker:EQTY as the latter loses its traditional large trading premium over the country’s largest bank by assets.
KCB on Wednesday closed trading with a market value of Sh133.6 billion, trailing Equity’s Sh135.4 billion by just Sh1.8 billion as the convergence in their paper value intensified.