Nairobi, June 25 -- The share of investor wealth at the Nairobi Securities Exchange (NSE) concentrated on the banking segment has climbed to a record 42.5 percent after a price rally in the past year and the addition of Family Bank through a new listing.

Banking stocks are now collectively valued at Sh1.56 trillion, having seen their value rise by 70.4 percent from Sh913.4 billion a year ago.They have raced past Safaricom, which is now valued at Sh1.32 trillion.

Twelve months ago, Safaricom had a market value of Sh967.6 billion, meaning it was valued more than all the banks combined.

Although the telco's share price (and valuation) has gone up by 36 percent, banks have grown twice as fast on a mix of acquisition announcements, higher p...