The two trillion Kenyan stock market popularly known as the Nairobi Securities Exchange, (NSE) is one of the biggest investment vehicles in the country.
It is available for those who are keen on investing their hard-earned money and getting a worthwhile return on their capital.
More than 60 companies are listed under the Nairobi exchange, all operating in different sectors including Agriculture, Commercial services, Construction, Investment, Telecommunications, Manufacturing and Exchange traded funds.
Additionally, Insurance, Real Estate Investment Trusts (REIT), Automobiles and Energy are other categories of companies in the NSE.
This variety of companies offers a potential investor range when it comes to choosing where to start an investment journey.
Current Cheapest and Most Expensive Stocks on NSE
Notably, different companies sell their shares at different prices.
As of the end of the trading day of 23rd of November, the most expensive shares belonged to New Gold ETF (Exchange traded fund) which sold at Ksh 2962 followed by Kakuzi which sold at Kshs385 per share.
Concurrently, the cheapest shares were from Uchumi which sold at Ksh0.17 per share.
Whilst the best NSE stocks to buy now may not necessarily be those with the lowest share price, cheap stocks can allow investors to start investing with little amounts of money as they learn the market and sharpen investing skills.
Also Read: Another Company on NSE Issues Profit Warning
Here are some of the cheapest stocks compiled by The Kenya Times that are sold for less than one Kenyan Shilling on NSE.
Uchumi Supermarket Plc
Uchumi supermarket was a Kenyan retail company incorporated under the Companies Act, Chapter 486 of the laws of Kenya as a private limited liability company in 1975.
However, it was closed in 2021 and consequently delisted from the Nairobi Securities Exchange on July 19, 2021.
Nevertheless, it has currently been re-listed into the stocks exchange.
Currently, Uchumi sells its shares at Ksh0.17 per share making it the cheapest share price in the stocks exchange market.
East African Cables Limited
East African (EA) Cables Limited is a company involved in the manufacture and sale of electrical cables and conductors.
The company deals with several products including copper cables, aluminum conductors and fiber optic cables.
By the end of the trading week closed on Friday, 24th of November, EA cables traded its shares at Ksh0.88.
Notably, this was a drop in value from 23rd of November where the shares sold at Ksh 0.91.
Mumias Sugar Company Limited
Mumias Sugar Company Limited, as the name suggests is a company that engages production and sale of sugar. Other products that it produces are ethanol and water.
The sugar company also generates and sells electricity to Kenya Power and Lighting Company (KPLC).
As of the closing of the previous trading week, Mumias sold its shares at Ksh 0.27 per unit.
Home Afrika Limited
Home Afrika is a publicly traded property developer on the Nairobi Securities Exchange under the ticker symbol HAFR.
By the end of the previous trading week, the property developer sold shares for Ksh 0.30 per share.
Also Read: Nairobi Stock Exchange Responds After Being Ranked Worst Globally
Notably, this was a drop in value from 23rd November where the company sold its shares for Ksh 0.33 per share.
Of note, for the period of August 25 to November 24, Home Afrika was documented as the 20th most traded stock on the Nairobi Securities Exchange.
Deacons (East Africa) Plc
Deacons (East Africa) Plc, which previously operated as a franchisee of Marks and Spencer is a fashion retailer currently listed in the NSE.
However, the listing of the retailer has been a bone of contention.
For instance, it was suspended from the NSE on November 19, 2018, for 40 working days. Insolvency was the reason cited for this move.
Likewise, on October 15, 2019, Deacons (East Africa) was suspended from trading on the Nairobi Securities Exchange.
Nevertheless, the company’s statistics on the NSE show that by end of the previous trading week, the company sold its shares for Ksh 0.45.
