Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

5 Best Shares to Sell in Kenya

The 5 Best Shares to Sell in Kenya revealed. We tested and verified the best shares to sell to Kenyans Traders.

This is a complete list of the best shares to sell in Kenya.

In this in-depth guide you’ll learn:

  • What are shares? 
  • Which shares to keep an eye on in 2022 as a Kenyan Trader?
  • Our recommended 5 shares to sell for Kenyan Traders
  • How to compare shares against each other
  • Which brokers can you use to trade on with shares in Kenya? 
  • Which broker offers a low minimum deposit of $5 (593 KES)
  • Which brokers offer a signup bonus for first-time traders? 


And lots more…

So if you’re ready to go “all in” with the best shares to sell for Kenyans…

Let’s dive right in…

Updated : September 22, 2022

What does it mean to Short Sell Stocks?

👉 The purpose of short selling is to profit from a drop in the price of a stock or other asset via a bet on its future depreciation. It is a complex tactic that only seasoned traders and investors should try.

 

👉 Borrowing shares of a company or other asset that one anticipates will decline in value is the first step in short selling. The investor finds purchasers at the going market price and resells the borrowed shares to them.

 

👉 The trader is speculating that the price of the borrowed shares will continue to fall until the due date, allowing them to be purchased at a reduced price.

1. Uchumi Supermarkets Limited (NSE: UCHM)

Uchumi Supermarkets

👉 Kenya is home to Uchumi Supermarkets Limited, a corporation that operates supermarkets for retail. It offers a wide variety of food and home goods for sale, including baked goods, wines, meat, fish, vegetables, and home furnishings.

 

👉 The organization runs 15 separate locations around the area. In addition to its wholly-owned subsidiary Uchumi Supermarkets (Uganda) Limited, Uchumi Supermarkets Limited also has a majority-owned subsidiary, Kasarani Mall Limited.

 

👉 With a market value of KES 65.7 million or around 0.0031% of the Nairobi Securities Exchange equity market, Uchumi Supermarket Limited is the 62nd most valuable company on the NSE currently.

 

👉 The share price of Uchumi Supermarket, which began the year at 0.24 KES, has fallen by 25% since the beginning of the year, placing it at 59th place on the NSE’s year-to-date performance rankings.

✅ Growth, Valuation, Trading💻 Information
Share Price0.18 KES
YTD Share Performance-25%
Market Capitalization65.7 million KES
Shares Outstanding365 million
Gross Turnover51,700 KES
Earnings Per Share (EPS)-4.61 KES
Price/Earnings Ratio (P/E Ratio)-0.04 KES

2. Home Afrika Limited (NSE: HAFR)

Home Afrika Limited

👉 Home Afrika Limited is the only publicly listed real estate developer in Kenya. Home Afrika Limited is a real estate development firm that delivers cheap, sustainable, and high-quality homes to communities in Kenya and other East African nations.

 

👉 These include residential projects on golf estates and hotel flats with hotel facilities. Through alliance agreements with the government, private sector, and development partners, the firm delivers housing projects that have a long-term, good influence on society.

 

👉 Home Afrika Limited designs, builds and maintains sustainable and compliant residential and commercial structures.

 

👉 Home Afrika Limited has adopted a regional growth strategy dubbed “Go Country” and “Go Africa” that seeks to construct about 1 million houses as part of a mass housing scheme across sub-regions of Africa.

 

👉 Currently, Home Afrika Limited is the 59th most valuable company on the NSE, with a market value of KES 146 million, which represents around 0.0069% of the Nairobi Securities Exchange equity market.

 

👉 Home Afrika’s share price started the year at 0.40 KES but has since declined by 10%, placing it in the 38th position on the NSE in terms of year-to-date performance.

✅ Growth, Valuation, Trading💻 Information
Share Price0.36 KES
YTD Share Performance-10%
Market Capitalization146 million KES
Shares Outstanding405 million
Gross Turnover102,500 KES
Earnings Per Share (EPS)-0.68 KES
Price/Earnings Ratio (P/E Ratio)-0.53

3. Centum Investment Company Plc (NSE: CTUM)

Centum Investment Company Plc

👉 Centum Investment Limited is a private equity firm seeking to invest between $2 million and $20 million in growth, developmental capital, and buyouts. Centum has four primary business divisions:

➡️ The Growth Segment consists of trading subsidiaries or investments that have reached the level of cash flow generation.

➡️ Two Rivers, Vipingo, and Pearl Marina are just a few examples of the company’s affiliated businesses that are engaged in real estate development, which makes up the Real Estate Segment.

➡️ The Development Segment consists of all enterprises whose operations are still in the formation and expansion phase, including those in the power, education, and agricultural industries.

➡️ The Marketable Securities Segment is concerned with investments in quoted equities and fixed income securities.

 

👉 Centum Investment Company is now the twenty-first most valuable company on the Nairobi Securities Exchange, with a market value of KES 6.37 billion. This represents about 0.3% of the Nairobi Securities Exchange equity market.

 

👉 Centum started the year with a share price of 14,10 KES, which it has since lost 32.1% of, placing it in the 60th position on the NSE in terms of year-to-date performance.

✅ Growth, Valuation, Trading💻 Information
Share Price9.58 KES
YTD Share Performance-32.1%
Market Capitalization6.37 billion KES
Shares Outstanding665 million
Gross Turnover1.44 million KES
Earnings Per Share (EPS)-0.93 KES
Price/Earnings Ratio (P/E Ratio)-10.30

4. Nation Media Group (NSE: NMG)

Nation Media Group

👉 Throughout East and Central Africa, Nation Media Group Limited serves as a trusted, editorially independent voice. The corporation owns and operates radio and television stations in addition to publishing and distributing a variety of print periodicals.

 

👉 The business and public sectors in Kenya, Uganda, Rwanda, and Tanzania have access to the digital media produced by Nation Media Group. The company’s goal is to produce and promote, across various media, material that will enlighten, educate, and amuse its target audiences.

 

👉 In 1959, the media conglomerate was established with its headquarters in Nairobi, Kenya. With a market value of KES 3.74 billion or around 0.176% of the Nairobi Securities Exchange equity market, Nation Media Group is the 28th most valuable company on the NSE currently.

 

👉 Shares of Nation Media, which started the year at 18.45 KES, have since dropped by 2.17%, placing the company at 29th on the NSE’s year-to-date performance rankings.

✅ Growth, Valuation, Trading💻 Information
Share Price18.05 KES
YTD Share Performance-2.17%
Market Capitalization3.74 billion KES
Shares Outstanding207 million
Gross Turnover236,000 KES
Earnings Per Share (EPS)2.50 KES
Price/Earnings Ratio (P/E Ratio)7.22

5. Nairobi Securities Exchange Limited (NSE: NSE)

Nairobi Securities Exchange Limited

👉 Kenya’s capital city, Nairobi, is home to the Nairobi Securities Exchange (NSE) Limited, an exchange where investors could buy and sell stocks, bonds, and other investments using an electronic trading platform.

 

👉 Through its subsidiary, NSE Clear Limited, the company facilitates the clearing and settlement of transactions involving derivative securities. Moreover, it is a crucial counterparty in transactions involving derivative instruments.

 

👉 Kenya is one of the fastest-growing economies in sub-Saharan Africa, and the NSE is a key factor in this expansion by facilitating savings and investment and providing local and foreign businesses with access to affordable financing.

 

👉 The Capital Markets Authority of Kenya regulates the stock market. The Kenyan stock exchange is a member of the World Federation of Exchange, the African Securities Exchanges Association, the East African Securities Exchanges Association, and the Association of Futures Market.

 

👉 The United Nations’ Sustainable Stock Exchange (SSE) project counts the Nairobi Securities Exchange among its partner exchanges.

 

👉 With a current market value of KES 2.01 billion or around 0.095% of the Nairobi Securities Exchange equity market, Nairobi Securities Exchange Limited is the 35th most valuable company on the NSE.

 

👉 The share price of the Nairobi Securities Exchange, which started the year at 8.00 KES, has decreased by 3.25% since the beginning of the year, placing it at the 31st position on the NSE in terms of year-to-date performance.

✅ Growth, Valuation, Trading💻 Information
Share Price7.74 KES
YTD Share Performance-3.25%
Market Capitalization2.01 billion KES
Shares Outstanding260 million
Gross Turnover19,300 KES
Earnings Per Share (EPS)0.51 KES
Price/Earnings Ratio (P/E Ratio)15.18

How to Buy and Sell Shares on The Nairobi Securities Exchange

How to Buy and Sell Shares on The Nairobi Securities Exchange

👉 The Nairobi Securities Exchange (NSE) is a dealer market that allows the trading of publicly listed companies’ securities. There are now 64 equities trading on the NSE, representing firms operating in 11 different sectors of the Kenyan economy.

 

👉 Earning money from buying and selling stocks is possible via stock trading. Additionally, it is beneficial to have long (buy) holdings in stocks and bonds since certain cooperative societies and banks may provide loans using the assets already held as collateral.

 

👉 Because of the substantial number of buyers and sellers in the stock market, equities are very liquid (can be traded quickly). Following these instructions will get you started trading stocks on the NSE.

 

Evaluate and Choose a Broker

👉 Brokers do an extensive market analysis and provide trading advice to their customers. Consider the services provided, the brokerage’s competence, and, most crucially, the trading costs charged while making your broker selection.

 

👉 If you are just starting, the variety of fees brokers impose may make them appear less appealing. However, you should not let that deter you from looking for quality and reliability. The Nairobi Securities Exchange is made up of 24 participating companies.

 

Register a Trading Account

👉 To engage in securities trading on the NSE, investors must open a Central Depository System trading account (CDS).

 

👉 A separate or joint account may be formed for each investor. The Central Depository and Settlement Corporation (CDSC) maintains this account, which functions like a bank account for the securities market and verifies that all settlements have been paid out.

 

👉 Filling out a CDS 1 form and submitting a few personal papers, including two colour passport-sized pictures, a KRA pin, a national ID or passport, proof of address, and proof of income, is required to open a CDS account at the central bank or local central depository agents.

 

👉 If filling out the CDS 1 at a bank where you already have an account, however, you will simply need passport pictures and a copy of your national ID or passport.

 

Deposit Funds

👉 After funding your trading account, you can begin selecting stocks and a market position on the stock in a way that maximizes your chances of profit.

 

Choose your securities

👉 The Nigerian Stock Exchange (NSE) is one of the few trading houses in Africa that allows investors to trade a broad range of assets.

 

👉 This includes equities, bonds, derivatives, Exchange Traded Funds (ETFs), and Real Estate Investment Trusts (REITs), with these providing the best diversification.

 

👉 Derivatives are a type of financial instrument that gets its worth from something else, such as a commodity, stock, stock index, precious metals, bonds, etc. Because they allow one party to shift risk from another, derivatives could be useful tools for lowering portfolio volatility.

 

👉 Like stocks, an ETF is a type of investment vehicle that trades on the stock market. Investments like stocks, bonds, and commodities are kept there.

 

👉 Most exchange-traded funds (ETFs) follow the performance of a particular index, such as a stock or bond index, with certain exceptions. Investors find them appealing because of the tax benefits and stock-like characteristics they provide.

 

👉 When an ETF is sold, there is no capital gains tax due. ETF investors could earn dividends in the same way that stock investors do.

 

👉 Those who want to engage in real estate to produce income or profits as beneficiaries of the trust might do so via a special kind of investment vehicle called a real estate investment trust (REIT).

 

👉 Rental income (IREIT) or profits from building properties for resale and/or lease are the primary sources of income for real estate investment trusts (REITs).

 

👉 Those new to the stock market often make the mistake of investing in well-known companies simply because they recognize the names or have heard positive things in the news about them (this is a good strategy for novices.

 

👉 When a beginner gains experience and knowledge, they can move on to more complex trading, such as using investment strategies and market timing techniques to outperform the market).

 

👉 However, when traders go down into the specifics of these companies, they see that the stock price fluctuations provide extraordinarily little in the way of returns.

 

👉 To maximize your returns, it is important to identify the top performers and the worst performers in the market and then make educated investing selections.

 

Carry out extensive research

👉 Technical analysis and fundamental analysis are two types of analysis that may be used to choose investments wisely.

 

👉 To predict the future performance of a stock, fundamental analysts study the company’s management, financial statements, and market and industry position. Fundamental analysis is the best way to determine whether a stock is mispriced (excessively or inadequately priced).

 

👉 Contrarily, technical analysis involves looking at charts, patterns, and graphs to foresee future price changes in a stock. This technique of analysis has the potential to be profitable in short-term trading.

 

👉 Stock prices fluctuate often, and investors must use both fundamental and technical research to make educated predictions about investments.

 

Enter a position

👉 A market position indicates the ability to either purchase or sell a stock. When purchasing (long), one anticipates that the market will rise, and when selling (short), one anticipates that the market will fall.

 

👉 In addition, there is the notion of short selling, which enables investors to borrow assets they have never owned, sell them, and then repurchase them at a reduced price, therefore profiting from an asset they do not own.

 

👉 Dividends are another method of profiting from stocks. Dividends are the semi-annual distribution of a company’s earnings to its shareholders (which is the most common way to benefit from share trading).

The Best Share and CFD Brokers in Kenya

👉 In this article, we have listed the best brokers that offer individual share and CFD trading to traders in Kenya. We have further identified the brokers that offer additional services and solutions to Kenyan traders.

 

Best MetaTrader 4 / MT4 CFD Broker in Kenya

Overall Rating

Min Deposit

USD 50 / 5825 KES

Regulators

Trading Desk

Dealing Desk with DMA and STP

Crypto

Yes

Total Pairs

45+

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, NAGA is the best MT4 CFD broker in Kenya. NAGA is a publicly traded platform that is well-regulated and offers Kenyan users a choice between 6 retail accounts with a spread from 0.7 on MetaTrader 4 trading EUR/USD.

 

Best MetaTrader 5 / MT5 CFD Broker in Kenya

Overall Rating

Min Deposit

USD 300 / 34680 KES

Regulators

FSCA 

Trading Desk

MetaTrader 5

Crypto

Yes

Total Pairs

60

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, Global GT is the best MetaTrader 5 CFD broker in Kenya. Global GT is a hybrid broker that provides more than 500 products through MT5. Kenyans can choose from Global GT’s five account types and benefit from zero-pip spreads, market execution, and maximum trade sizes up to 500 lots.

 

Best CFD Broker for beginners in Kenya

Overall Rating

Min Deposit

USD 400 / 46600 KES

Regulators

NFA, CFTC

Trading Desk

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, NinjaTrader is the best CFD broker for beginners in Kenya. NinjaTrader is a well-known futures broker that offers retail trading accounts to Kenyans. Beginner traders can access educational videos along with webinars and education through third-party vendors or brokers.

 

Best Low Minimum Deposit CFD Broker in Kenya

Overall Rating

Min Deposit

USD 10 / 1156 KES

Regulators

CySec, FSCA 

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, FXTM is the best Low Minimum Deposit CFD Broker in Kenya. FXTM has a decent market share in Africa overall and provides three retail accounts with a low minimum deposit of 1,100 KES. Kenyans can expect 5th decimal pricing with FXTM and competitive deposits from $0.40.

 

Best ECN CFD Broker in Kenya

Overall Rating

Min Deposit

USD 100 / 11667 KES

Regulators

CySEC

Trading Desk

MetaTrader 4

Crypto

Yes

Total Pairs

50

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, Windsor Brokers is the best ECN CFD broker in Kenya. Windsor Brokers is one of few brokers that have regulations through CMA to cater for Kenyan traders specifically. Kenyans can trade over 100 financial instruments and benefit from both instant and market execution.

 

Best Islamic / Swap-Free CFD Broker in Kenya

Overall Rating

Min Deposit

USD 5 / 578 KES

Regulators

CySEC, FSC, FSCA

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

No

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on HFM (Formerly Known as Hotforex)’s website

👉 Overall, HF Markets is the best Islamic / Swap-Free CFD broker in Kenya. HF Markets has more than 2.5 million active traders globally and has won more than 55 industry awards since its establishment.

 

👉 HF Markets offers 5 retail accounts and the benefit that Muslim traders can convert theirs into an Islamic Account, exempting them from overnight fees.

 

Best CFD Trading App in Kenya

Overall Rating

Min Deposit

USD 50 / 5825 KES

Regulators

CySEC

Trading Desk

MetaTrader 4, MetaTrader 5, Web-based

Crypto

No

Total Pairs

40

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, LiteFinance is the best CFD trading app in Kenya. Kenyans who register an account with LiteFinance have unlimited access to its iOS and Android apps. The mobile app provides daily analysis, trade indicators, and a range of strategies.

 

👉 Kenyans can easily open, close, and manage their positions and they can keep updated on news and any changes in the financial markets.

 

Best Kenyan Shilling Trading Account CFD Broker in Kenya

Overall Rating

Min Deposit

USD 10 / 1156 KES

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

Yes

Total Pairs

107

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, Exness is the best Kenyan Shilling trading account CFD broker in Kenya. Exness is a low-risk CFD broker that is the best option for Kenyans who want a KES-denominated trading account.

 

👉 Exness is an international broker with a good reputation, providing Kenyans with a choice between accounts that can be managed through either MT4 or MT5.

 

Best Lowest Spread CFD Broker in Kenya

Overall Rating

Min Deposit

USD 100 / 11560 KES

Regulators

ASIC, CySEC

Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

Total Pairs

60

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, FP Markets is the best lowest spread CFD broker in Kenya. FP Markets offers Kenyans a range of innovative trading services including MT4 Myfxbook and several MAM/PAMM modules through MetaTrader.

 

👉 FP Markets offers some of the best liquidity in addition to market execution on trades, which means that Kenyans can expect some of the lowest spreads that start from 0.0 pips.

 

Best Nasdaq 100 CFD Broker in Kenya

Overall Rating

Min Deposit

$0 / 0 KES

Regulators

SEC, FINRA, CFTC, MAS

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, TD Ameritrade is the best Nasdaq 100 CFD broker in Kenya. Kenyans can choose between the margin or standard account to trade NASDAQ 100 CFDs. TD Ameritrade also offers innovative cash management services and a wide range of educational materials.

 

Best Volatility 75 / VIX 75 CFD Broker in Kenya

Overall Rating

Min Deposit

USD 100 / 11560 KES

Regulators

ASIC, FSA

Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, AvaTrade is the best Volatility 75 / VIX 75 CFD broker in Kenya. AvaTrade is one of the Top 20 STP and Market Maker brokers in Kenya, attributable to its transparency and award-winning trading services and solutions.

 

👉 With AvaTrade, Kenyans can choose between 1,260 financial instruments that are spread across different asset classes, including VIX 75. The benefit of using AvaTrade for VIX is that Kenyans gain valuable market insight and can use several indicators and tools to refine their trading strategies.

 

Best NDD CFD Broker in Kenya

Overall Rating

Min Deposit

USD 300 / 3499 KES

Regulators

FCA

Trading Desk

MetaTrader 4

Crypto

Yes

Total Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, FXCM is the best NDD CFD broker in Kenya. FXCM is a leading online broker that offers an NDD trading environment in which trades are executed within 31 milliseconds. FXCM has won several industry awards for its competitive trading conditions.

 

Best STP CFD Broker in Kenya

Overall Rating

Min Deposit

USD 200 / 23120 KES

Regulators

ASIC, CySec, FSC, FSA and SCA

Trading Desk

Hybrid

Crypto

Yes

Total Pairs

60

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, GO Markets is the best STP CFD broker in Kenya. GO Markets’ prices are aggregated from 22 liquidity providers, allowing the broker to offer superior instant execution on trades. Kenyans can also expect spreads from 0.0 pips and competitive commissions on the GO+ Account.

 

Best Sign-up Bonus CFD Broker in Kenya

Overall Rating

Min Deposit

USD 5 / 584 KES

Regulators

IFSC, CySec, ASIC

Trading Desk

Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform

Crypto

No

Total Pairs

57

Islamic Account

Yes

Trading Fees

No (Just spread) 

Account Activation Time

24 Hours

👉 Overall, XM is the best sign-up bonus CFD broker in Kenya. Registering an account with XM is quick and easy, allowing Kenyans to start trading quickly. When Kenyans register an account with XM, they are granted a $30 no-deposit bonus, and they can qualify for the 20% and 50% deposit bonuses.

Conclusion

👉 In a bear market, when the market is in a downward trend, it is appropriate to take positions as the values of both excellent and poor equities fall. Therefore, we have provided Kenyans with some of the best shares to sell right now.

 

👉 Despite this guide, Kenyans must carry out a thorough fundamental and technical analysis of the financial performance of the company, and the overall market performance of the stock before they choose it as an investment product.

FAQ

Is it legal to short-sell stocks in Kenya?

Yes, it is legal to short sell stocks in Kenya. Market regulations were amended in 2018 to allow the short selling of shares on the Nairobi Securities Exchange to increase liquidity on the bourse.

 

How can I start selling stocks in Kenya?

To start buying and/or selling stocks on the Nairobi Securities Exchange, you must register with a share broker that is a member of the NSE. Once you have registered an account, you can choose your shares, fund your account, and start trading.

 

How much will I need to buy and sell shares in Kenya?

While you can start investing from any given amount, experts recommend that you fund your trading account with at least 5,000 KES.

 

Who owns NSE Kenya?

The Nairobi Securities Exchange is currently owned by Standard Chartered Kenya Nominees who have a 21.75% ownership stake.

 

How much do stockbrokers charge in Kenya?

NSE Dealers and Stock Brokers in Kenya will have unique fee structures, but overall, you can expect an average charge of 1.78% of the trading value on each trade that you make.

Before choosing a broker, view and question the fee structure of the broker to ensure that meets your requirements and objectives.

9.5/10 - (22 votes)