× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS

Stock broker launches online equity trading portal

By Peter Theuri | July 6th 2021

Nairobi Securities Exchange Chief Executive Geoffrey Odundo. [Jonah Onyango, Standard]

Brokerage firm EFG Hermes Kenya has launched an online equity-trading portal, EFG Hermes One.

The platform offers retail investors “seamless and convenient” stock trading at the Nairobi Securities Exchange (NSE) - boosting access to capital markets by investors.

“With capital market trends demonstrating increasing interest from retail investors, we aim to increase access and awareness to capital markets to foster better equity trading across sub-Saharan Africa,” said EFG Hermes Frontier Chief Executive Ali Khalpey.

He said the expansion into the retail space is part of the firm’s commitment to growing its services across Africa.

EFG Hermes Kenya seeks to capitalise on high mobile phone penetration to meet investors’ needs.

NSE Chief Executive Geoffrey Odundo said the portal allows retail investors to buy and sell stocks as well as settle trades in a single day.

“The move is an integral part of our desire to open up the market to further retail participation, see more equities listed on the NSE and grow the value of our equity markets to 50 per cent of Kenya’s GDP,” Odundo said.

Portal users can access real-time stock quotes, place, track, review, edit and cancel open orders.

Head of Equities at EFG Hermes Kenya Muathi Kilonzo said the portal will create more opportunities for both retail and institutional investors.

Share this story
Tough economic times push over five million Kenyans to stop NHIF contribution
NHIF Chairman Lewis Nguyai said the dormant accounts drain the scheme, noting that for every shilling received by a member, the insurer pays Sh2.
Kenya to resume mango exports to Europe after eight-year hiatus
This is after tests showed reduced levels of pest incidence in a deal that could see the country earn close to Sh5 billion in foreign exchange.