Investing in the Nairobi Securities Exchange is one of the most viable ways through which you can build wealth. Currently, the NSE – as the local bourse is popularly known – has been on a recovery path following a bearish trend that began in 2015. Some counters, though, have remained resilient, and even gone on to make billionaires on the market. Safaricom has been one of these stocks. Over this period, its has hit highs of over Sh. 30 per share.
Despite the many available opportunities on the market for investing and saving, many Kenyans do not now how they can get started or which stocks are best for them. This is the gap that Co-operative has moved in to fill, through its investment arm, Kingdom Securities. “Through this arm, we offer advise and guidance on the stocks that are most likely to return profit at no cost,” says Co-op Bank in a statement. “We also guide investors in opening the requisite accounts to enable them start trading.”
Kingdom Securities started operating on the NSE in June 2009 succeeding the previous Bob Mathews Stock Brokers Limited. As a licensee of the NSE the investment agency is involved in the provision of stock trading and advisory services.
It is located at the 5th Floor of Co-operative Bank House, Nairobi.
The services offered by Kingdom Securities include:
1. Buying and selling of shares and bonds on behalf of clients.
2. Offering advice about investment in Shares and Bonds.
3. Assisting investors to fulfil the following key needs:
- Transfers of shares
- Immobilization
- Transmissions
How to start trading with Kingdom Securities
To begin with, you will need to open a Central Depository System account with Kingdom Securities.
To open the account, you will be required to have the following:
- Complete and sign a securities account opening/maintenance form (CDS 1)
- 2 recently taken passport size photographs
- Original ID or passport
- For Company – certificate of incorporation, an organization registered in any other way you need a certificate of registration (Directors of the Company will have to provide their ID cards and passport size photo graphs.