August 4, by Ryan Hoover Comments. Back in June, we looked at ways to invest on the Johannesburg Stock Exchange through US discount brokers. He generously agreed to help us navigate the process of opening a Kenyan brokerage account and to share his views on the best bargains currently on offer at the Nairobi Stock Exchange.
Why should investors be investing in Kenya now? This situation is a result of various factors that have converged to push stock prices to levels that are out of whack with the fundamentals on the ground.
The situation was further compounded by increased political uncertainty due to the MENA crisis and the trials at the Hague of individuals suspected of instigating violence in Kenya following the election. As a result, despite healthy turnover levels, stock prices have suffered over the last six months. Only 13 out of 48 active stocks trade above their year-end levels. But financial results for the fiscal year indicate that listed firms — especially the financial sector companies — enjoyed explosive bottom line growth.
This trend continued in the first and second quarter of this year, which indicates that economic growth is still on course. This is bound to correct going forward.
In my view, the NSE is an ideal frontier market. In the short term, foreign investors can capitalize by investing in the weak shilling and seek exit points as it strengthens against the US dollar. How would I do so? Can you walk me through the account-opening process? The investor would need to open an account with a local stockbroker who will in turn open a Central Depository and Settlement Corporation CDSC account for them. The CDSC account is where all tradable shares are held electronically.
At NIC, we suggest that the documents be scanned and emailed to us. The originals can follow later. How would I, as a US-based investor, place a buy or sell order through NIC Securities? Do I just send you an email? If the investor would like to place buy and sell orders by email, they can complete the email indemnity form and submit a one-off processing fee of KES USD 2. Otherwise, the investor can communicate their order to us and arrangements can be made to accommodate them as long as adequate security measures to facilitate proper identification are in place.
What expenses are incurred when trading Kenyan stocks? Can you give me a breakdown of the commission and fees? The Capital Markets Authority CMA regulated commissions for trades below KES, USD1, is 2. At NIC, lower commissions are negotiable depending on deal sizes. Do most Kenyan brokers have minimum amounts required to open a trading account?
To place a trade?The Business Centre: Investing in the Stock Market
At NIC Securities, opening a CDSC account is free and the minimum trade size is shares of any counter. We, however, pride ourselves on having the capacity to handle very large trade sizes with very low turnaround times.
How are dividends delivered to foreign investors? Can they be deposited into my trading account? Dividends cannot be deposited into a trading account. This is a market regulation. Must an investor have a Kenyan bank account to collect dividends? Or can they be wired to a US bank account?
When opening a CDSC account the investor is required to indicate their dividend disposal preference which could also be to have the money wired to their foreign account. The concern for the investor would be that they would have to bear the cost for the electronic funds transfer. Having a local holding account to allow the dividends to accumulate before being wired to the foreign account would be a good idea.
Most local banks have dollar denominated accounts and these can also be used to hold the dividends to take advantage of currency fluctuations. What sort of account reporting can an investor expect to receive? Do brokers send a monthly statement of my cash and stock holdings?
Total portfolio holdings which can be held through more than one broker will be sent via email to the investor by the CDSC every six months for dormant accounts, and at the end of any month in which there is any trading activity on the account. A couple Kenyan stockbrokers failed recently, are there now safeguards in place to protect investors and prevent similar events from happening again?
They have resulted in the introduction of an automated trading system, more stringent capitalization and disclosure requirements, the adoption of a standard stockbrokerage platform, and the eventual demutualization of the NSE.
The minimum capitalization requirement has resulted in most of the smaller brokerage firms being acquired by banks. Investment banks which have not reached the KES Million capital threshold have been relegated to stock brokerage status, which requires a minimum capitalization of KES50 million.
The government plans to increase the investor compensation fund and investors are being educated on how to identify and report fraudulent behavior. First is Scangroup SCAN: Being a listed company means it can also retain its top employees through stock options. In a human-capital intensive field such as advertising, this is extremely important. We expect the merger to result in cost advantages going forward.
This will ensure higher ad-spends and thus more revenues for Scangroup. It currently sells at a PE of 20, but we consider it undervalued because of growth opportunities. My second pick is Equity Bank EQBNK: It is the fastest-growing bank in Kenya and boasts a market share of deposits that has grown from 1. Equity Bank caters primarily to the SME and lower income segment with most loans being below KES, Equity has also done an admirable job at containing costs and maintaining the quality of its loan book.
Both of these factors should lead to improved margins. Finally, for the income investor, I like KenolKobil KNOC: KNa downstream oil marketer with a skillful and motivated management team. The company is focused on growing its storage capacity and distributional efficiencies, which is imperative for survival in the Sub-Saharan African fuel-marketing industry. As competition increases and margins decline, the company will be able to take advantage of its scale economies.
I also like that it is well diversified both geographically and in terms of its product range. The company has a heavy presence with over service stations in East and Central Africa as well as Southern Africa. All this is backed by the additional effect of increasing property prices that could lead to significant profits when the company disposes of some of its non-core assets. Do you have questions on how to invest on the Nairobi Stock Exchange?
If you do, share them in the comments. How to Invest on the Zimbabwe Stock Exchange How to Invest on the Nigerian Stock Exchange. How to Invest in AfricaNairobi Stock Exchange.
August 12, at 7: August 23, at 4: Hi Jalas Thanks for your query. As a minor you can invest on the NSE just like any other investor. Your parents or guardians will however be required to initiate any activity on the account until you reach the age of 19 years.
March 3, at 4: What is your take on Olympia Capital Holdings OCH. It looks pretty cheap at Ksh. I was thinking that since the housing market is at its peak, they might be selling lots of tiles. June 9, at September 8, at March 19, at Hi, I am a Nigerian.
What are the guidelines and requirements to invest on the Kenyan stock exchange for a foreigner, and what is the minimum amount required to invest? October 23, at October 25, at 6: November 3, at 6: Hello,am interested in investing in stocks but I want to acquire as much knowledge as possible. Could you offer me some tips no matter how basic they are? November 13, at 1: Very important information up there.
I am a kenyan native currently living in Germany and i am planning to start investing in the kenyan stock market next year. I am not experienced in these matters and i want to start investing from a small amount as i learn how the market operates. Would you please advice me on how to go about it as a beginner? June 11, at The diaspora investment platform homestrings. All investment opportunities are clearly set out with their own fact sheet, allowing you to understand the impacts, risks and nature of the investment.
There is also a helpful article here about how to get started: August 13, at 1: January 27, at 4: Hey Kate, Have you started investing yet? I am ready to start but would be glad to get tips as I am from Germany as well. How far have you gone? February 3, at 7: March 10, at 6: November 27, at 3: I need competent stock brokers. December 20, at 8: Hallo I live in Nairobi.
Please assist me on how i can invest in the Nairobi stock Exchange in a way am assured of making a profit out of it. December 22, at Interesting to discover this site today. Am a Kenyan and a resident in Nairobi with knowledge on the Nairobi Securities Exchange which is the only stock exchange in Kenya. February 18, at 1: But I have minimal knowledge on the requirements, opening an account, which companies to buy shares. I would wish to start by making a small investment as I gradually learn how it works.
January 22, at 4: I am grateful for this info! I opened a CDS account through one of those firms that failed, What do I need to do to change my info with CBK! Can I use another broker? April 24, at 7: It is possible to use another broker to access your original CDSC account. These accounts are structured such that they are all maintained by a central government body, regardless of your stockbroker.
Speak to your broker of choice, and they should be able to guide you through the transfer process. March 3, at 3: March 14, at 8: Hi please can you offer us a comprehensive procedure needed to invest in NSE when you are a kenyan. I have seen the above but seem like for foreigners.
Low-profile billionaires raise their stake at Nairobi bourse - Business Daily
April 24, at 6: April 24, at 8: Like foreign investors, you will need a CDSC account and to fill out any required paperwork from the stockbroker. Simply phone or email your broker of choice and ask them for information regarding opening a trading account. July 10, at Thanks for a great article. For retail and small investors such as myself the NSE can be intimidating. Once registered the investor needs to constantly liaise with their stock broker and keep themselves up to date on market trends.
The Kenyan market is highly speculative, however. As a buyer of small means, I prefer to buy low value shares that offer high dividends and hold on to the shares until i can offload at a respectable profit.
I also always reinvest the dividends thus growing the portfolio without dipping into my funds. July 11, at 4: July 11, at 9: How much does one need to have before investing in NSE or to buy any shares in Kenya. Please advise on this. The minimum amount required to open an account varies from broker to broker, but NIC does not require any minimum amount.
They do, however, require a minimum trade amount of shares. Therefore, if you were to hypothetically purchase shares of Safaricom you would need roughly Ksh to complete the trade. I would urge you not to invest any money that you will require in the next five years.
Investing in stocks entails a high degree of risk and there is no guarantee of a positive return. July 13, at That is a good advise Ryan and looking forward to learning more from you about investment in the stock exchange. What of the Kenya Airways shares?
July 13, at 7: Make a billion dollars and then buy an airline. August 9, at 4: August 9, at August 21, at Hi Ryan, which Kenyan stockbroker would you recommend for a small retail investor planning to invest under KES.
August 23, at September 17, at 2: I am a Kenyan who wants to invest but i dont know where to start from. I would like to be told the safe steps to follow to invest in stocks. September 17, at 9: Wycliffe it is impossible to trade without watching the market regularly unless you have a portfolio manager doing that for you.
It pays to have a broker who has your interest because they are on the floor and can easily capture the highest high and lowest low if you get my drift. Speaking as a novice investor; if speculating, I think it best to buy into the stocks moving huge volumes eg KCB and Safcom, this is because their prices are constantly shifting up and down, thus opportunity to make small gains or losses frequently.
Talk to your broker regarding performance within specified time frames eg stock x is at y where is it estimated to be in 1 to3 months, they always have this kind of info and can give you weekly updates. I am sure there could be loopholes allowing brokers to use clients funds to buy and sell but this is probably not done often, your stock brokerage firm should have a system that alerts you when your shares are moved eg I get an automated email everytime my shares are moved regardles of whether my broker communicates to me or not.
Plus your CDSC statement at the end of every month also has a record of transaction. At the end of the day trading requires an element of trust since you are putting your money in someone elses hands, so, find a good firm and be resigned to the fact that brokers will make money everytme there is a transaction. January 9, at 3: November 29, at 4: If so, what is the threshold shares or amount should I have? November 29, at Indeed, you can trade on the NSE as an individual.
You will, however, need to open an account with a Kenyan stockbroker. You can find a list of these brokers here. June 4, at 7: June 5, at 1: January 1, at 4: You can open an internet account with online brokerage firms like scottrade, TD-Ameritrade, etc.
You can buy whenever you want, and as many shares as you want. There are about 5 trading platforms in the U. NYSE, NASDAQ, AMEX OTC, and Pinksheets. January 5, at November 30, at 1: After the Safaricom share saga nobody wants to hear about stocks. January 20, at 5: January 21, how to win citi extra cash auctions 7: I see a lot questions from people wanting to start investing and wondering how to go about it; I think first you need to decide what sort of investor you want to be i.
In simple terms you need to decide whether or not you have capacity and can put considerable effort e. This decision would be reflected in how you divide up your portfolio between shares and say, cash or bonds etc… Defensive investors use conservative methods, go for important, big, financially robust and entrenched companies… Enterprising investors are virtually free to search for value wherever they can find it and use more aggressive methods.
Naturally the enterprising investor requires a higher return for his intelligent effort. Read Intelligent Investor for more on this perspective on investing. Then you simply need to understand the businesses you invest in and treat your operations for profit as a traditional stock market explained for dummies would — be sure of a profit before you go in absent promises or prospects and this goes to the price you pay.
Research as much you can about the business, management, competitors, customers, etc looking for items that may impair future business, competitive advantages, etc. I would personally discourage non-professionals from selecting individual companies and instead focus on group buys e. Alternatively, just go for high dividend yield and high asset backing for the shares.
January 21, at 9: If you are unable to commit the time and energy to this, it is best to diversify across a large number of stocks preferably through an index fund and hold them for the long-term. June 28, at 6: I just opened my CDSC account last month with equity bank online and must say your article and the comments thread along it has been of greatest help and encouragement.
I started with a little capital and I can see myself putting more funds in the near future into the whole business. Tomorrow 29th Monday June am offloading Mumias sugar shares hoping it will be not less than Ksh. Thanks for your article. June 28, at 8: Glad to hear it, Smada! Congrats on the Mumias gain. Be careful with penny stocks, however, as they can also move quickly in the wrong direction.
How was the account opening process at Equity Bank Online? Would forex bhutan recommend them to other investors? January 21, at Investing in an index fund would be a great idea.
Try to find one that is low cost and one that people that manage money find difficult to beat. Also try to avoid getting in during speculative highs as determined by professionals — they know when the market is high or too high, they just cant keep out of the speculation. One way to determine highs and lows of the market is to check the opportunity cost of investing in stocks vs bonds using yields. January 24, at 9: I do have a passport and Kenyan drivers license. January 24, at 3: It sounds like the broker will accept a certified or notarized copy of an electric or water bill in lieu of a tax return.
January 26, at 4: January 28, at 3: January 26, at 7: Great advice on this site. Am investing at the NSE mainly for two reasons, and one is obviously to get value or profit from my investment, secondly to increase my knowledge about stock markets and all newspaper article of the stock market crash 1929 procedures involved.
You can perfectly learn the game if you are a player yourself. January 31, at 9: Kindly, I would like you to advise on the safe steps to follow. January 31, at Thanks for your comment.
You might be interested in this article. It points out a few things to consider before you decide to begin investing. Your next step will be to find a broker.
Look for more advice for beginning how to make money selling domain names on ebay here in coming months. February 5, at 1: February 12, at 7: I have saved over a few months.
How would you advise someone my age to invest? And where should I put my money? April 19, at 7: July 3, at If you had invested the 10, shilling in a stock like Eveready in February when you posted this when it had a low of 1. So your total return would have been October 6, at 6: March 12, at 2: I have a question. I am a business owner who would love to invest on the Nairobi Stock Exchange.
I need guidance on forms etc. How do I get started, and where can I obtain these forms? March 13, at Hi Bea, The first thing you will how to start forex trading in nigeria to do hi point 995 aftermarket stocks contact a stockbroker.
The broker will then guide you through the process of filling out and submitting the necessary paperwork. Good luck and let us know how it goes!
April 4, at From your short post, it is difficult to establish the exact issue on which you would like to receive advice. Generally though, trading on the stock market involves high risk and potentially high returns. A trader with the right information and analysis is likely to perform better than another who gambles his way about the market. Write to Ashanti Research you can find our contacts online via a Google search and we would be happy to give advice, or even better, set up a stock portfolio up for you.
May 16, at 2: Mr livigu share trading is adouble edged sword or fire it can hurt or help you the trick is always to gather inteligence before investing also learn to exit and enter kenyan stock market analysis the right moment.
Kenya Stock Market (NSE20) | | Data | Chart | Calendar | Forecast
April 22, at 7: How do you make a good decision or rather what are the factors to look at or for when investing in the stock exchange? April 28, at 7: This gives the management of the business enough time to execute on their strategy and for the market to recognize their success or failure. How do you spot a company swing trading using options at a fair price?
One rule of thumb is to look at a companies annualized earnings growth rate over the past five years. Research the company further. May 7, at 7: I can see bollinger bands divergence indicator download give good stock exchange tips. Do you happen to know which companies will show good sales this fall? Or should I ask my broker? I would like to buy forex with credit card from real clients who are spending their money and who have had success.
Is investing for a 5-year period something that someone can rely on or is it a matter of gambling with the period? I have invested in some shares right now, and I am just not sure what if I should be looking to buy something else. May 25, at 6: Just curious if you knew whether dividends can be automatically reinvested in those respective stock holdings rather than having to get paid out into a checking account or wired to a foreign bank account?
July 18, at 2: July 19, at 3: August 8, at 6: Hi, I am a student who is interested in investing in shares but I have little knowledge about it. How forex signal 4 u I gain more information to enable me to survive in the stock market? August 8, at Nice to have you stop by. August 10, at 7: The post was nice but I really struggled to read through. Can you use a more distinguishing font color?
August 25, at 1: August 27, at First, you will want to make sure that you invest only money that you do not need for the next five years or so. Before investing in the market, save up an emergency fund that can cover six months of living expenses in case you lose your job or have an unforeseen expense like a medical bill.
Then pay off any high-interest debts you may owe. When you have done all this, then you can consider investing in the market. Find a reputable broker, like the ones listed in this article, and open an account. After that, invest easy forex classic online in companies that you know and understand.
Buy them at good prices and hold on to them until the prices look expensive. August 31, at stock market numbers in 1929 crash I think if the NSE actively encouraged the stockbrokers to engage the diaspora community the weekly trading volumes could be improved tremendously not to mention the capital that would be available to the listed companies.
A lot more definitely needs to be done and discussions like these definitely need to be had. Direct market access by Kenyan citizens in the U. S through a US stockbroker like. Perhaps the NSE should engage some of the US brokers. A huge chunk of the kshs. September 2, at I am a university assistant to trade binary options in Kenya and interested in trading on the stock market.
What is the minimum amount I need to start, specifically with NIC. September 9, at Samuel can correct me if this has changed, but NIC does not require a minimum amount to open an account. Each trade, however, must be for a minimum of shares. So, depending on the company you are interested in, you will likely need to invest at least Ksh and perhaps as much as Ksh50, if you wish to purchase a share like Limuru Tea, which is currently priced at Ksh September 9, at 6: I can only say thank you to Ryan, Simon and all those who asked questions.
Almost all my questions if not all have been answered. I am more knowledgeable now, though I know I still have a lot to learn. September 10, at September 21, at 7: Hello, Is where to buy stockings in singapore possible for me in Kenya to have an account with a stockbroker in the United States?
Would you have a list of the stockbrokers to contact in the US, and what is the minimum amount required for investing? September 21, at 2: I think your best bet is Interactive Brokers. September 24, at 7: Thanks for the info. Scottrade is your best online broker that accepts international accounts. If you are a beginner, do not open a margin account. Scottrade has inter-banking wire transfers, so once you sell your shares, they can wire the money directly to your account. You can also buy more shares using wire transfers.
If you are looking for cheap stocks with potential, look at stocks in shelly cashman learn it online mobile and gaming industries, even though they are mostly cyclical.
You only make money with undervalued stock because of potential to go up. Do you know whether Scottrade will open a trading account for a Kenyan citizen who does forex terminology explained reside in the US?
I get a lot of questions from foreign investors wanting to invest on the NYSE and Nasdaq. January 19, at Scottrade has always had trading accounts for foreign nationals who are not U. However, there are numerous paperwork that must be filled out for tax purposes and for prevention of money laundering. All these paperwork is available online at scottrade. I will do a detailed research on the entire process and paperwork required, and will post the info here.
September 24, at 4: Hi Ryan, that was very educative. Exactly what i was looking for and am happy i bumped into it. The thing td waterhouse stock trading fees, am an outgoing student and would like to invest long term. Which companies can you recommend? And say i was to open an CDSC account with NIC, would i still have to worry about the companies they invest my money in or would it be completely up to them?
September 27, at 7: Hello, So far I have not been successful in my search for a US stockbroker. Any other suggestions you might have for US stockbrokers I could contact are very welcome. November 18, at 5: November 19, at 3: November 19, at 7: December 31, at 4: January 2, at 1: January 19, at 3: I am so interested in investing in stocks,kindly do furnish me with what i need to do and when does one considered to have made a good return in this business.
January 24, at 1: Are you asking whether to invest in a unit trust or to open a brokerage account? If so, the answer depends a bit on your interest in learning how to invest in shares. If, on the other hand, you enjoy constructing and managing your own portfolio, a brokerage account gives you that option.
Wow, really impressed in this article and the comments. Thanks Ryan for feeding us with such information and to the rest too for your contribution. I have learned a bunch of information, and I am excited to have bumped in here. February 2, at 4: I decided to actively participate in trading of shares from late last year. I needed cash and opted to offload some shares. The problem have arisen coz three weeks have gone by and my money is nowhere to be seen. Please advice me which other firms offers an online trading platform other than Dyer and Blair Ltd.
February 13, at 9: March 5, at 2: March 6, at 2: Developed interest in following business news and reviews in the print and electronic media.
The web is great, You can also get into company websites and read their investors page. February 28, at 4: March 25, at 3: March 26, at March 31, at 1: Im a kenyan currently living and working in Dubai, can you kindly guide me on the way to start cuz am new to stock market but i would really like to invest.
April 1, at 5: Hello, I have experience trading forex market and binary options. April 2, at 8: May 16, at 8: Thanks Ryan and the crew. June 16, at 2: June 16, at July 11, at 1: Does anyone know whether Kenyan companies which are listed at the NSE post 10 K filings like the American companies? If so, how can I access them? I wanted to try and pick stocks on my own.
July 28, at 5: July 31, at 6: I have just started trading NSE stocks online through DBIB. However, there seems some hidden charges I cant comprehend, like today, I placed an order of of Longhorn publishers at The order value thus, was 1, a brokerage fee of This would bring the total charges to KES 1, Yet the total I was charged for that order was KES 2, What could be the reason?
August 1, at 3: Last month I made a call to them asking how I could start trading using their platform. They told me to open an account and pay a monthly Kshs. Could they have charged you Kshs. I strongly advise you visit or give them a call.
August 2, at 8: Which broker should I choose? I would appreciate a working online platform and high quality market information. Does anyone have any recommendations? August 2, at Dyer and Blair also has an online trading platform: This has turned out to be problematic because, for example, CFC Stanbic requires me to be in Kenya in person in order to open an account.
Any recommendations for a banking service provider? August 21, at 5: I had written them to inquire on how to go about it.
Any recommendations highly apprecited…. September 11, at 2: I am a Kenyan stock day trader based in the US. My question is this. Where are we in implementing the online stock trading in Kenya where traders can actually enter there own buy and sell orders at the click of a button without having to contact their broker. If this is implemented, this will bring in a lot of liquidity in the market and thus offer more opportunities due to the price movements.
I missed the above comment. I think it answers my question. But if you would like to add a comment, please feel free. November 12, at 8: November 12, at 9: Hello Ryan, Thank you for informative analysis. I have gained enough skills through your post and am planning to visit my stock broker. Keep up the Good work. July 21, at 5: I will really appreciate if you advice me. July 21, at Before you do, I would advise that you save an emergency fund equal to approximately six months of your living expenses.
Deposit this emergency fund in a savings account that pays interest at a higher rate than inflation. After this, I suggest that you pay off any high-interest debt that you have. This is a guaranteed way to get a return on your money, and it will allow you to save more quickly in the future. You can follow the steps in the article above. KPLC is a nice stock to start with.
It pays a healthy dividend and should benefit from all of the new power plants that are adding electricity to the grid. December 7, at 4: Hi Ryan i am in the process of opening a brokerage account in Kenya but am unable to open a bank account for dividends as I am a foreigner. Do you have any suggestions please?? December 9, at 7: Hallo Sir Thank you for the info on investing in stocks.
As a youth I believe I can now start investing in stocks by following your advice always. Please also assist with the twitter and facebook accounts. Thank you and once again good job. December 9, at 4: What does this mean to you as an investor? Well, suppose you bought a stock at a price of shillings per share. Over the next year, the price of the share increases to shillings per share. December 9, at 8: Do foreigners investing in NSE attract different tax rates?.
Also, do they need to lodge an annual tax return with KRA? December 10, at 2: Because it is a withholding tax, non-Kenyans do not need to file a tax return with the KRA.
The amount paid in Kenyan withholding tax can be used to reduce taxes owed to the IRS. December 10, at Thanks alot that was very helpful. Now let me start scouting for a broker and start investing. December 21, at Hello…I was wondering if there are companies in Kenya that allow for direct stock purchase and if there are I would like a list.
February 8, at 2: Please advice on which shares to purchase in such a short period for me to earn the highest portfolio. Is it advisable to place bonds? Should I buy the cheapest shares or those with high prices?
What maximum share should I buy in each company selling shares? What are the figures in the NSE data should I check to decide on which company to invest in? February 16, at 4: Hi, am a Kenyan citizen and would like to start investing in NSE what is the minimum amount that I have to start with for my investment, that is in Kenyan shillings.
February 24, at 2: As far as I know, most Kenyan brokers do not require a minimum amount to begin investing, but many will require that you purchase at least shares of stock per transaction.
Therefore if the stock is trading at Ksh Commissions and fees are 2. So, in our example, KShs x 2. February 25, at 3: What a conversation Ryan! You have opened my eyes. I now look at the world with economic lenses. I have learned so much from this conversation. I hope you are still keyed in because I will be back for more. February 25, at March 4, at I am new to this and I was just wondering what the difference would be opening an account with KCB versus say SBG or Dyer and Blair.
Is there any advantage that one would enjoy? May 12, at Hi Ryan, I am 17 and from Saudi Arabia. So I wish that you guide me on where and how to do so. I wish that the method be online so it be easier for me to access the trades. June 9, at 7: June 12, at 5: I hope I find well.
I am a Zimbabwean staying in Zimbabwe. August 26, at 8: I had opened an CDS account with suntra investments through KCB. Now i want to trade actively online through your bank. In mobile app, an app for my tablet and my PC. What do i need to do and if i was to open another cds account what do i need?
How safe is the online platform and if I am only trading and money remaining in my trading account including dividends is there a risk of my capital decreasing due to govt taxes. November 10, at 2: November 10, at 7: November 24, at 2: What is the minimum number of shares I have to buy when I am investing in any quoted company at NSE Kenya??? November 24, at 7: Good idea about the article for Kenya investors.
In the meantime, feel free to post questions here, and I will respond as best I can! March 27, at I am interested to know all about the stock market. May 2, at 3: May 3, at 4: October 11, at 5: October 12, at 4: You can invest as little as the amount required to purchase shares of stock plus commission and fees. This amount varies from day to day and from stock to stock. At the moment Oct 12, the stock with the lowest share price is Atlas Development and Support Services with a share price of KES1.
The minimum amount you could invest therefore is KES Your email address will not be published. My name is Ryan Hoover, and I'm an investment analyst and writer with a passion for African stock markets.
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I have three favorites. How to Invest on the Zimbabwe Stock Exchange How to Invest on the Nigerian Stock Exchange Want to Learn More? Comments jalas says August 12, at 7: Where is the CDSC office in Mombasa, Kenya? Am 22yrs from nigeria. Can I start investing in kenya? Is it risky for me?
Hallo Very important information up there. Hi Kate, The diaspora investment platform homestrings. I havent visited the page for a while now. I will check the info. HOW CAN A NON KENYAN INVEST IN THE KENYAN SME SECTOR? The SME sector in Kenya is huge.
Do you know specifically what you want to invest in? Hi Sade, It is possible to use another broker to access your original CDSC account. I would be interested in investing. Many thanks for stopping by! Dear Samuel, How much does one need to have before investing in NSE or to buy any shares in Kenya.
Your feedback to the questions is captivating. Hi Ryan, At least i have learnt one or two things. Hi Musyoka, Indeed, you can trade on the NSE as an individual. Leah Great insight, would love to hear more from you. Who are the best stock brokers in Kenya? Hi Adane, It sounds like the broker will accept a certified or notarized copy of an electric or water bill in lieu of a tax return. Let us know how your investment works out.
Where is your office in Nairobi, please? I want to invest in shares. Hi Edwin, From your short post, it is difficult to establish the exact issue on which you would like to receive advice. Hi Ryan, Just curious if you knew whether dividends can be automatically reinvested in those respective stock holdings rather than having to get paid out into a checking account or wired to a foreign bank account? Hi There- Is there much institutional buy on KSE? Also, would there be a need for direct market access from say US Brokers to trade on KSE?
Hi Makeer, Nice to have you stop by. I want to start investing in the stock exchange. What precautions should I take? Hope this helps get you started! All the best to you, Ryan. Thanks in advance, Benson. Hi Benson, Samuel can correct me if this has changed, but NIC does not require a minimum amount to open an account.
Keep us posted on your investing adventures! Hi Francis, I think your best bet is Interactive Brokers. All the best, Ryan. Hello, Thanks for the info. Just what i needed on NSE. Though am sure i have a lot more to learn on stock market.
Glad to hear it, Morris. Hi Daniel, Are you asking whether to invest in a unit trust or to open a brokerage account? Please advice me which other firms offers an online trading platform other than Dyer and Blair Ltd Thank you. Try CFC Stanbic Financial Services — I am there and the experience is great. Which brokers in kenya with online trading forum? Where would i find the CDSC offices in Nairobi. Thanks so much for stopping by! Thanks a lot for the info.
This is so educative. So happy you found it helpful, David. Hi Ryan, I have just started trading NSE stocks online through DBIB. Thank you for a great website, Ryan! Thank you for the reply, Ryan!
Nairobi Securities Exchange - NSE Kenya
I would like to know the process of starting online trading in kenya. Hope this helps and keep us posted on your progress! Hope this helps and happy investing! Hope this helps and thanks for the great questions! Keep us posted on how things go for you, Zeddy.
Hi, am a Kenyan citizen and would like to start investing in NSE what is the minimum amount that I have to start with for my investment, that is in Kenyan shillings reply plz thenx.
Hi Ryan, Thanks for sharing your knowledge and expertise on Africa Stock Markets. Please which stock broking orm can i use to buy kenyan stocks online. Hi, I had opened an CDS account with suntra investments through KCB. Hi Ryan, kindly guide me on how to calculate my profit gained from trading shares.
Hi David, Good question. You should write and article catering for questions arising from citizens of Kenya. Hi Wol, You must purchase at least shares when buying and selling stock in Kenya. What is the minimum amount a recent graduate can begin investing with?
Hi Rose, You can invest as little as the amount required to purchase shares of stock plus commission and fees. Leave a Reply Cancel reply Your email address will not be published.
About Me My name is Ryan Hoover, and I'm an investment analyst and writer with a passion for African stock markets. Free Updates Join over readers who get new articles delivered right to their inbox.