The main objective of buying shares is to make money. So if after buying a stock the price goes up, one can decide to sell the entire stock or part of the stock and book in the profit. This can be done in consultation with the stockbroker.
No. Shares bought today can only be sold on T+3, T being the transaction date.
There is a transaction cost of 2.1% or 1.8% for trades below Kes. 100,000 and above Kes. 100,000 respectively. This cost includes broker commission and transaction levies.
To trade online one must have an account with KCB Capital.
NB. A tutorial on online trading is available on the website.
Yes, you can transfer your CDS account from another brokerage firm to KCB Capital.
First you need to open a CDS account with KCB Capital. Then provide the below documentation;
It will cost you two hundred shillings (Kes. 200) payable to CDSC limited to transfer your CDS account to KCB Capital.
Share certificates are the physical document that shows ownership of a stock, bond or other security. However, after the introduction of the Central Depository System, paper certificates were rendered obsolete and through a process called dematerialization, the movement of all paper certificates ceased. For you to trade in those shares in certificate form they need to undergo immobilization.