How to buy Equity Bank shares online
By Nairobi Stocks Review
If you are looking for the best companies to invest in in Kenya, you might want to consider Equity Bank Group. As a potential investor, you would want to know how to buy Equity Bank shares. You may be able to buy Equity Bank shares online depending on your stockbroker.
We will get into the details of how to buy Equity Bank shares in a moment. First, let’s familiarise with the company. Equity Group operates bank businesses in Kenya, Uganda, Tanzania, Rwanda, Congo and South Sudan. It also offers telecom and mobile money services under Equitel brand. Equity began as a building society in Kenya in 1980s.
Where and how to buy Equity Bank shares
Equity Bank shares are listed on the Nairobi Securities Exchange under “EQTY” ticker symbol. If you want to invest in Equity stock, you will need to have a CDS account. You can open the account with at Equity Bank branches or through a stockbroker. (Read How to open a stock trading CDS account in Kenya).
Once you have the CDS account set up, you can proceed to buy Equity Bank shares. You will decide the amount of shares you want to purchase and place your order. Bear in mind that the minimum number of shares you can buy in Kenya is 100 shares.
How to buy Equity Bank shares online
If you are seeking the ability to buy Equity Bank shares online, you will need to choose your stockbroker carefully. Presently, stockbrokers that support online trading of shares of NSE-listed companies are Kingdom Securities, Faida Investment, Suntra Investment and Dyer and Blair. The other online stockbrokers in Kenya are SBG Securities, Sterling Capital, KCB Capital, Old Mutual Securities, Kestrel Capital and Genghis Capital. (Read How to choose the best stockbroker for beginners).
How to buy Equity Bank shares with Bonga Points
If you are a Safaricom subscriber, you can use Bonga Points to invest in shares of NSE-listed companies like Equity Bank. Here is how it works:
- Go to MySafaricom app or dial *126# on your phone
- Choose Lipa Na Bonga
- Enter your stockbroker’s Paybill number
- Enter your CDS account number
Stockbrokers that support shares purchase with Bonga Points are Dyer & Blair Investments, Kingdom Securities, Suntra Investments and Old Mutual Securities. You can also buy Equity Bank shares with Bonga Points at Faida Investment, Francis Drummond, AIB-AXYS, ABC Capital and NCBA Capital.
Finally, how many Bonga Points do you need to buy Equity Bank shares? That depends on Equity Bank share price. When buying shares, five Bonga Points are worth Ksh1.