Buying is the easy half. Here is how a sale works on the Nairobi Securities Exchange — placing the order, how it gets matched, what it costs and the day the cash reaches you.
Every licensed broker gives you the same shares at the same prices. What differs is the commission, the app, the research and how quickly you get paid. Here is what to compare.
The legal minimum is one share. The sensible minimum is whatever makes the fees small enough to ignore. Here is the arithmetic, with worked examples.
Your shares live in a CDS account at CDSC, not with your broker. Here is how to see what you hold, how statements work, and what to do when you no longer know who your broker is.
Dividends that nobody collects for three years are handed to the state. Here is how to find out whether any of that money is yours, and the exact paperwork to get it back.
A money market fund is where money waits. Shares are where money works and sometimes loses. Here is the honest comparison, including the tax and fees each one takes.
“The NSE was up today” — up on which index? The four headline numbers measure different things, and one of them can rise while most of the market falls.
The NSE trades on weekdays between about 9am and 3pm. What happens inside those hours — and what happens to an order placed outside them — decides the price you actually get.
A letter arrives saying the company is offering you more shares. Here is what a rights issue, a bonus issue and a share split each mean, and what ignoring one costs you.
Everything you need to buy your first shares on the Nairobi Securities Exchange — the accounts you need, how an order works, what it costs, and the mistakes beginners make.
You can’t own NSE shares without a CDS account. Here’s what it is, the documents you need, and how to open one online in a few days.
Brokerage, levies, stamp duty and minimum fees: what an NSE trade really costs, with worked examples, and why a share has to rise about 3–4% before you break even.
When to buy to qualify for a dividend, what “book closure” means, how much tax is taken, and how to make sure the money actually reaches you.
T-bills pay a known return backed by the government; shares can pay more but can also lose money. Here’s how to compare them — and why the T-bill rate is the bar every share has to clear.
You can now buy NSE shares straight from the M-Pesa app. Here’s how Ziidi Trader works, what an omnibus account means for your shares, and when a normal broker account is the better choice.
Making money online in Kenya has never been an easy job for anyone figuring out how to make even a…
- Ask price
- The lowest price a seller is currently willing to accept for a share.
- Bear market
- A sustained period of falling prices across the market.
- Bid price
- The highest price a buyer is currently willing to pay for a share.
- Bull market
- A sustained period of rising prices across the market.
- CDS account
- A Central Depository System account -- the account that legally holds a Kenyan investor's shares in electronic (dematerialised) form.
- Cost basis
- The original price paid for an investment, used to work out gain or loss when it is later sold.
- Dividend yield
- A company's annual dividend per share divided by its current share price, expressed as a percentage.
- EPS
- Earnings per share -- a company's profit divided by the number of shares in issue.
- Market capitalisation
- A company's total value on the exchange: its current share price multiplied by the total number of shares in issue.
- NASI
- The NSE All Share Index -- tracks the total market value of all listed shares combined, weighted by market capitalisation.
- NSE 20
- The NSE 20 Share Index -- tracks the price performance of 20 selected large, liquid companies on the exchange.
- P/E ratio
- The price-to-earnings ratio: a company's share price divided by its earnings per share. A common (though incomplete) way to gauge whether a share is cheap or expensive relative to its profits.
- Portfolio
- The full collection of investments -- shares, bonds, and other assets -- held by one investor.
- Ticker
- The short code used to identify a listed company when trading, e.g. SCOM for Safaricom PLC.
- Volume
- The number of shares that changed hands in a given period, e.g. one trading day.
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