Best Stocks to Buy in Kenya in 2021 | You Must Read Before Buying

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Stock Market, the heartbeat of any country’s economy. Whenever the stock market is going up or dive down the country’s economy shows up in countable turmoil in the markets. It is the stock market that gives you an indication of what the future of any country is.

The stock market attracts everyone to itself, some people’s luck reaches the sky and some people fall on the ground. It happens when you invest randomly without knowing the actual status of the market. Proper information about the stock market plays a major role in grabbing the stock at the right time.
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In this blog, we will talk about some of the best stocks to buy in Kenya to put your money in. If you are searching for the best stocks to buy in Kenya, your search will end here.

 Here are the best shares to buy in Kenya-

Limuru Tea

Limuru Tea PLC is owned by Unilever Tea Kenya Limited (UTKL). It is Kenya’s one of the largest private tea companies. It is located 4 km east of Limuru Town with 275 hectares of tea plantations. UTKL acts as the administrative agent of Limuru Tea Company from administration to production and from marketing to product handling.

Why is it the best stock to invest in Kenya?

Limuru Tea is the 47th best-selling stock on the Nairobi Securities Exchange in the last three months (June – Sep 2021). They have sold a total of 103,300 shares – in 28 deals – valued at KES 32.3 million at a time, with an average of 1,640 shares per session

Right now the share price of Limuru Tea Company Limited (LIMT) is KES 320.00. On the last trading day, the ILIMT closed at 320 KES per share in Nairobi Securities Exchange (NSE) with a 5% profit over its previous closing price of 304.75 KES.

Jubilee Holdings

Jubilee Holdings Limited is an asset management company with geographical locations in Kenya, Uganda, Tanzania, Burundi, and Mauritius. They have divided their products and services into three categories: General including Medical, Ordinary, Group Life & Pensions and investment. Together with this, the company has invested in Fibre Optics, Energy, Diamond Trust Bank, and real estate which makes it one of the fastest-growing companies.

Why is it the best stock to invest in Kenya?

The current share price of Jubilee Holdings is 358.00 KES per share on the Nairobi Securities Exchange (NSE). They have recorded a profit of 1.3% as compared to its previous closing price of 353.50 KES. Why we call this best is because they have started the year with an allocation of 284.00 KES and have earned 26.1% of that value till now.

Diamond Trust Bank

It is a Kenyan bank providing a range of corporate and commercial services to individuals and business customers. It has been the 16th best-selling stock on the Nairobi Securities Exchange for the last three months (June to Sep 2021).

Why is Diamond Trust Bank the best stock to invest in Kenya?

Investing in DTB is a golden opportunity for investors because DTB sold a total of 12.3 million shares – out of 1,045 deals – valued at KES 771 million over time, with an average of 195,800 shares per session.

The current share price of DTB is 64.25 KES per share on the Nairobi Securities Exchange (NSE). Although it has recorded a .8% decline in the prices of its shares which was 64.75 KES previously. But it is still in 54th place in NSE annual performance and looking forward to gaining momentum again.

Safaricom

Safaricom Plc is a telecommunications company of Kenya formerly known as Safaricom Limited. The company provides integrated telecommunications services, including voice and scheduled voice, text messaging (SMS), data, Internet and M-PESA, remittance or payment services, or mobile phone goods and services. Its voice services also include national and international navigation services.

Why Safaricom is the best stock to invest in Kenya?

The current share price of Safaricom Plc (SCOM) is KES 42.50. It recorded 1.2% of profit over its previous closing price of 42.00 KES. Why is it best? Just look at its yearly track record where they have started with a share price of 34.35 KES and achieved 24.1% of the price target.

Centum

Centum Investment Company Plc, formerly known as Centum Investment Company Limited, is an investment holding company in Kenya. The components of Centum include Real Estate, Power, Financial Services, Fast-moving consumer goods (FMCG), and Commercial Security.

Why is it the best stock to invest in Kenya?


We have included this in our list because it is the 18th best-selling stock on the Nairobi Securities Exchange in the last three months (June to Sep 2021). They have sold a total of 10.2 million shares – of 1,603 deals – estimated at KES 164 million over the period, with an average of 161,576 shares traded per session.

 

The current price of Centum is 16.85 KES per share on the Nairobi Securities Exchange (NSE). Centum has gained 4.98% since it was started, with the year starting at 16.05 KES per share.

Co-Operative Bank

It is the financial bank of Kenya with its working in Corporate business, Investment, Asset Management in various parts of Kenya. Co-Operative bank working in Retail Banking and Wholesale Banking.

Why is it the best stock to invest in Kenya?

We have included this in our list because it is the sixth best-selling stock on the Nairobi Securities Exchange in the last three months (June to Sep 2021). The Co-Operative bank sold a total of 50.7 million shares – in 4,406 contracts – valued at KES 680 million at a time, on average 804,632 shares per session.

The current price of a Co-Operative bank share is 3.35 KES per share on the Nairobi Securities Exchange (NSE). They have recorded a .07% decrease from its previous closing price of 13.45 KES. But if we look yearly they have started with 12.50 KES and earned 6.8% profit.

Stanbic Bank

Stanbic Bank is a Nigerian company providing banking services. It provides corporate banking and investment services including current, savings, and transaction accounts, personal and mortgage loans, bank and credit cards, home loans, online banking, and small and medium enterprises (SMEs).

Why is it the best stock to invest in Kenya?

We have taken this in our list because it is the 44th best-selling stock on the Nairobi Securities Exchange in the last three months (Jun-Sep 2021). With a total of 206,500 shares – out of 136 deals – valued at KES 18.3 million over the period, with an average of 3,278 shares per session.

The current price of Stanbic bank shares is 90.50 KES per share on the Nairobi Securities Exchange (NSE). They have recorded a profit of 1.4% from its previous closing price of 89.25 KES. In the year starting they have valued at 85.00 KES and has since achieved 6.47% of that price target.

Hope your doubts regarding the best stocks to buy in Kenya are now not needed any more light to focus on. Just go through the list and give yourself a big feast.

Good Luck..!!

- We provide economic news and analysis on the investment arena in Africa, with a particular interest in doing business. Our key areas of focus include banking, capital markets, energy, mining, manufacturing and industrial development.

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