Kenyans buy 14m KCB shares in nine months

Kenya Commercial Bank branch along Mama Ngina Street in Nairobi County.  

Photo credit: File | Nation Media Group

Local retail investors bought an additional 14.16 million KCB shares in the nine months to September worth Sh273.3 million at the current price, deepening their stake in the tier-one lender.

Latest regulatory filings by the bank show that as of September 30, 2023, local individual shareholders held 861.58 million shares equivalent to a stake of 26.81 percent in the Nairobi Securities Exchange (NSE) listed lender, up from 847.43 million shares or 26.37 percent at the start of the year.

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