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Investing in bank stocks no walk in park

On June 20, 2013, a normal trading day at the Nairobi Securities Exchange (NSE), Kenya Commercial Bank (KCB), the county’s largest bank by asset base, sold a total of 4,250,000 ordinary shares.

On the same day, Equity Bank, the county’s largest bank in terms of customer accounts, sold a total of 3,211,900 shares. Barclays and the Cooperative Bank, the other heavy hitters on the local banking scene, sold 237,500 and 678,000 respectively.

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