Family Bank has just pulled off one of the most dramatic market debuts in Kenya’s history. At KSh50 a share, the bank is now valued at roughly KSh83.1 billion.
It entered the NSE at KSh18, with a market value of about KSh29.9 billion. The jump to KSh50 has added approximately KSh53.2 billion in shareholder wealth.
That is a 177.8% rise in value in less than 30 minutes. Decades of building the bank were converted into tens of billions of quoted wealth almost instantly.
This is not KSh53.2 billion in cash deposited into the bank. It is market-created wealth: the premium investors are now willing to pay for Family Bank’s 1.66 billion shares.
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When it comes to health insurance, what's the one thing holding you back from getting covered today?
Is it cost? Not knowing where to start? Thinking you'll get it later?
Share your thoughts in the comments. We'd love to hear from you.
Switch on your focus. Power up your determination.
Stay committed to what matters most.
The week ahead is yours to make count.
Happy New Week!
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Sometimes the most expensive financial decision isn't what we buy, it's what we postpone.
When it comes to healthcare, waiting until you need cover can leave families facing difficult decisions at the worst possible time.
Ukiona bill ya hospitali, ndiyo unajua kwanini Health Cover ni Lazima.
Jipange mapema na CoverBora na upate cover kwa baadhi ya gharama za matibabu zinazoweza kuja ukiwa hujajiandaa.
The tragedy is that many believers are trying to build businesses using fear, imitation, pressure, anxiety, trends, and survival instincts, while leaving the wisdom of God as a Sunday conversation. The Wisdom Exchange brings that wisdom back into the centre of the marketplace
Come With Questions, Leave With Wisdom: Why The Wisdom Exchange Is the Room Every Believer in Business Should Enter ~Soko Directory https://t.co/QXjqZidCrn
Sometimes the greatest breakthrough comes when you build with purpose, integrity, and faith. A business built on strong values creates more than profit, it creates impact, fulfillment, and a lasting legacy
Sometimes the best progress isn't the fastest, it's the one that lasts.
One step at a time. One day at a time. One goal at a time.
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meaningful wins.
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@investwithSIB Banking stocks also delivered a strong performance. KCB Group emerged among the standout movers, climbing 6 percent to KES 70.75, while Equity Group gained 4 percent to KES 77.25. NCBA Bank also registered a modest increase of 1.1 percent to KES 88.25 @investwithSIB
@investwithSIB Safaricom, the market’s most valuable listed company, strengthened by 3.9 percent to close at KES 31.75 and accounted for nearly 39 percent of total market turnover, underlining its continued dominance in local equity trading
https://t.co/X4R3trkd9y