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Posts from the Ipahco blog, ebooks, and a glossary of the terms you'll see across the screener and your portfolio.
From the Ipahco blog
All posts on ipahco.co.ke
How to Sell Shares on the NSE in Kenya — and When the Money Reaches You

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.

How to Choose a Stockbroker in Kenya (2026 Guide)

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.

How Much Money Do You Need to Start Investing on the NSE? (2026)

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.

How to Check Your CDS Account Balance and Statements in Kenya

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.

Unclaimed Dividends in Kenya: How to Find Them and Claim Them Back

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.

Money Market Funds vs Shares in Kenya: Which One Fits the Goal?

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.

NASI, NSE 20, NSE 25 and NSE 10: What the NSE Indices Actually Tell You

“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.

NSE Trading Hours and How Share Prices Are Set in Kenya

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.

Rights Issues, Bonus Shares and Share Splits in Kenya Explained

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.

How to Buy Shares on the NSE in Kenya: A Step-by-Step Guide (2026)

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.

How to Open a CDS Account in Kenya (2026 Guide)

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.

NSE Trading Costs Explained: What You Really Pay to Buy and Sell Shares in Kenya

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.

Dividends in Kenya: Book Closure, Withholding Tax and When You Get Paid

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.

Treasury Bills vs NSE Shares: Which Should You Choose in Kenya?

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.

Ziidi Trader vs a Stockbroker CDS Account: What’s the Difference?

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.

How I Started Making Money Online In Kenya

Making money online in Kenya has never been an easy job for anyone figuring out how to make even a…

Glossary
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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