Stockbrokers also referred to as share brokers, they buy and sell shares and securities to clients. We have a list of registered agencies that serve as stockbrokers in Kenya who trade shares on behalf of their clients.
Typically, their role is to analyze stock performance and trends then advise clients on what steps to make. while you can trade without necessarily having brokers, they well converse about the stock markets and market environments. They make stock trading easy for you.
Functions of Stockbrokers in Kenya
- They provide investment advice to clients
- Analyze the status of the financial markets and inform the client
- Managing clients investments portfolio
- Identifying new opportunities the client can venture into.
Related: List of Forex Brokers in Kenya
Stockbrokers in Kenya
Stockbrokers in Kenya include:
ABC Bank Limited
ABC capital Limited was incorporated in Kenya in 1954 and is recognized member of the Nairobi stocks exchange. The bank is one of the leading stock brokerage firms in East Africa.
The brokerage arm of the ABC bank provides financial solutions to individual customers and institutions. providing accurate, relevant and timely information on the stock market performance.
ABC bank has highly experienced wealth managers who emphasize on customers goals and risk appetite. The team offers extensive research reports that capture the larger global, regional and macro economical and capital markets.
2. Suntra Investment Bank Limited
The bank is a registered stockbroker in Kenya regulated by the Nairobi Stock Exchange (NSE). The bank has been providing brokerage services since 1990 when it was incorporated.
It is among the leading stock brokers in Kenya, it is the adviser and stockbroker in many public offerings, private placement of shares and bonds by the government and various companies.
The broker has a history of assisting companies to raise money in the Capital markets through issuance fo debt and equity. Which has provided an opportunity for the company to fully understand the capital markets.
the company has in the past assisted Barclays to raise capital through the bond issue of about Ksh 3 billion.
3. Apex Africa Capital Limited
Formerly Africa Investment bank is a licensed member of the NSE and the Capital markets Authority. the firm is one of the leading brokerage facilities in the country. The bank offers stock brokerage, portfolio management, research and corporate finance to their clients.
The bank is also an affiliate of the Central bank of Kenya, the Capital Markets Authority, the Kenya Revenue Authority, the NSE and the Central Depository and Settlement Corporation.
Its target customers comprise of investors and individuals looking to improve on the financial sector. the bank focus on leveraging their services to capitalize on the East African region.
4. AIB Capital
Formerly the African Investment Bank, AIB is a licensed member of the Nairobi Securities Exchange and the Capital Markets Authority. the firm provides services to high net worth individuals. It makes decisions on behalf of the clients on the best investment considerations.
The company engages in bonds, stock brokerage and corporate finance advisory. Its serves the extended East African market. The firm prides in executing customer trading needs with transparency, independence and confidentiality.
5. NCBA Capital Limited
The group is a financial service provider with headquarters in Nairobi. the bank has full operations across East Africa in Uganda, Kenya and Tanzania.
NCBA Securities is owned by NCBA Capital Limited, a fully owned subsidiary of NCBA. The bank looks to provide investors with a secure platform from which to participate in a diversified array of investments in the equities and bond markets to enable investors to meet their return objectives.
6. Genghis Capital Ltd
The banks serve as one of the investment banks in Kenya. Its services include securities trading, research, wealth management, investment advisory management and corporate finance advisory.
Genghis capital provides customer-oriented research that extensively helps them in identifying customer needs. It offers a relationship brokerage whereby the service delivered is driven by the power of the relationship between the client and the broker.
Their services range from stock brokerage and equities trading, fixed income bonds trading, over the counter trading or OTC, Agency network and private wealth. the firm thrives on providing clients with up to speed developments on the share markets through research and technology expertise.
The company holds a significant position in the fixed market income market at the NSE. It offers discretionary and non-discretionary portfolio management services to its clients as a valued added service purely dependent on customer preference.
Genghis capital has agents in Kenya in Nairobi, Kisumu, Mombasa, Thika, Makuenui, Nyeri and Kinangop and also in Kampala.
7. KCB Capital Group
It is a subsidiary of the KCB Bank Group. Its key roles are to help corporate clients manage their wealth and resources more profitably. They offer advisory services to clients on a day to day basis to help clients stay true to their course.
KCB Capital Group is licenced by the Capital markets Authority and the NSE since 2014. The group focus on providing unique strategic and financial advice to clients. As well as meet the growing dynamics of the institutions, individual clients and governments across the sectors they serve in. Their products are tailored to maximize and protect the client and shareholder value through visionary management and strategic partnerships.
8. Kingdom Securities Limited
Kingdom Securities Limited is a subsidiary of the Cooperative bank. the bank is licensed by the NSE. its stock brokerage arm assists firms seeking to raise capital through the stock market.
It specializes in helping both government and corporate clients raise debt capital by acting as the placement agent. the services include equity and fixed trading and also transfer immobilization.
Additionally, the bank offers expert research and up to date stock prices to its clients thus ensuring they made the right decisions on investments.
9. Standard Investment Bank
The standard investment bank is one of the pioneer stockbrokers in Kenya. The bank offers a single point of entry for investment banking, securities trading and investment management.
It comprises of an established African presence. The bank offers an innovative approach to solutions whereas it develops financial solutions to help you realise new opportunities.
The bank boasts of market-leading pan African team that is fully dedicated to providing clients centred advise. Besides, It also offers mergers and acquisitions, crosses border transactions, corporate restructuring and shareholder exits among others.
10. Dyer and Blair Investment Bank
Dyer and Blair bank is a market pioneer established in the year 1954. The bank serves as a key industry player in the transformation of the local and regional market.
The bank offers advisory services through the banking experts across the region. They offer their advisory services to financial institutions, agribusiness, utilities, telecommunications and more.
Through their brokerage arm, the bank executes transactions on behalf of their clients across fixed income capital markets and equity across the East African Region.
Additionally, the bank provides transactions from non-listed securities through an over the counter trading arm.
Under equity trading, the bank provides access to listed stock for both local and foreign investors. They also control a significant market share through the retail investor base.
Under fixed income, the bank transacts fixed income capital market on behalf of its clients trading in corporate and government issues.
Stockbrokers in Kenya: Conclusion
While stock brokerage ordinarily involves the trading of shares and securities on behalf of clients, the stock market is quite tricky.
If you miss researching the best stock brokerage firm, high chances are you will encounter losses or very thin profit margins. Good stockbrokers should go further than just trading offer extensive on stock markets and market trends.
Also, before you start capitalizing in the market, you must know the risks in the market. Below is an example of the risks you need to consider as an investor:
- liquidity risks
- Credit risk
- inflation risk
- Market risk
- Reinvestment risk among others.