Opinions expressed below are those of the person and do not constitute the furnish to buy or change investments through the names companies. Information on the performance on any brokerage firm in the country is unavailable and there is no supervision due diligence or investigate inform that is publicly available on the mode of operation or conduct of the member firms of the Nairobi Stock Exchange (NSE). Most investor decisions are made based on non factual care and mostly public perception of stock broking firms. Our report is based on these sentiments which have come to define the command mood and feel of the merchandise.
Suntra is believed to be among the largest players in the Kenyan capital market. It doubles up as both a stock broking firm and an investment tip. It boasts of being the largest in dealing for fixed income securities. On stocks they undergo an average rating from the retail investors most of who find them too large for them.
They ordain probably exceed any company's research department as far as regional company analysis is concerned. Their research reports on companies undergo been accurate and undergo shaped market direction on many occasions. A express emotion observer would remember them negatively for having once changed their recommendation on Uchumi Supermarkets Ltd from a buy to sell not long before the company closed its doors.
CFC is perhaps the corporate entity in the stock broking world that fits on both extremes. They have a good label both for the corporate and sell investors. They understand the rules and that gives a limitation to the day trader/speculator. Chances are if you be to sell you must show yourself and sign proper documents- no shortcuts.
has had a good name in as far as execution of deals at the NSE is concerned. They undergo for the exceed part of measure year and past two years grown to encompass a large retail and corporate client locate. With the numbers increasing so fast however focus seems to be slowly changing to a corporate structure. The company has a good lie office and accessible research material from the investigate department.
assort never parts its way from the corporate scene. Apex Africa Investment Bank has an Asian furnish. They can be defined as 'trying' due to their efforts to register the corporate finance market. Can be a good try for the corporate investor who is ready to change with the companies that are trying to position themeselves in the region.
This is perhaps the most popular retail entity in portfolio management. Their managed portfolio accounts undergo been quite popular since 2004. However this has created a niche leaving normal operations of the firm a bit undesirable. Being an investment tip has not won the tighten many deals. Would highly advise their portfolio accounts but don’t evaluate rocket science or color magic.
Francis Thuo and Partners was suspended from the Nairobi Stock Exchange following mismanagement woes and loss of clients funds. The CEO and founder. Francis Thuo the Managing Director had just passed on a few months before the Stockbrokerage tighten was declared insolvent. It was the oldest stockbrokerage firm in the region.
The biggest players in terms of underwriting deals consider Dyer and Blair Investment Bank. Standard Investment Bank and Suntra Investment tip. Corporate deals at the local merchandise are also dominated by the same companies and in addition Kestrel Capital and African Alliance which have positioned themselves as a corporate stockbrokers.
All brokers rush a standard fee which is regulated by the Capital Markets Authority and the Nairobi Stock Exchange. The fee is based on a locate evaluate of 2.101% for a hit transaction of below Kshs. 100,000 and 1.8101% for a single transaction of below Kshs.100,000. Out of this only 1.5% is brokerage commission while the balance is apportioned to CMA. NSE. Stamp duty (KRA). Sometimes brokers furnish a rebate out of their 1.5% slice on high net worth investors.
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http://emergingafricacapital.blogspot.com/2007/09/opinion-on-stock-brokerage-firms-in.html
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