Frequently Asked Questions
How To Invest Using Bonga Points
Pay for Your Stocks Using your Bonga Points Bonga Na NSE The Conversion rate currently as of August 11th, 2021 is; For every 1 Kenya Shilling, you use up 5 Bonga Points. For Example; Ksh. 100 is equivalent to 500 Bonga Points Ksh. 200 is equivalent ...
How Do I Receive My Dividends?
Once you purchase Shares or Stocks for any firm before the book closure date for that year, you shall become eligible for dividends once declared. Dividends are then paid into your Abacus Investment Account Wallet once received from the respective ...
How To Start Investing
Here you will get to understand how to fill your profile, deposit/fund your account, and get started on Investing. Updating Your Profile Before you begin investing, you will have to update your profile. On the Web Platform, go to the upper ...
Getting Started On Abacus
How to use Abacus Web Platform & Mobile App Features on our Platforms include but are not limited to; Dashboard This is where you get to see an overview of; Money Talk Question of the Day NSE 20 Share Index NSE All-Share Index FTSE NSE Kenya Share ...
What is Abacus?
What is Abacus? Abacus Wealth Management is an online investment platform. We enable our clients to access live streaming Nairobi Securities Exchange (NSE) data, as well as the latest business news from various newspapers in Kenya e.g. Business ...
Types of Dividends
Cash Dividend This is the most common form of dividend. It is derived from the net profit. The board of directors decide on the issuance of dividend during the Annual General Meeting (AGM). A shareholder will receive dividend depending on the shares ...
Intrinsic Value
What is Intrinsic Value? This is considered as the fair value of a stock assuming that an investor has all the information that is available in the market on the stock in terms of tangible and intangible factors. The discounted value of cash that can ...
Financial Markets
What Is a Financial Market? A financial market is a market in which people and entities can trade financial securities, commodities and other financial assets at prices that are determined by pure supply and demand principles. It also facilitates ...
Mergers, Acquisitions and Takeovers
What is a Merger? A merger involves the mutual decision of two companies to combine and become one entity. The combined business, through structural and operational advantages secured by the merger, can cut costs and increase profits, boosting ...
How to Activate Trading As A New User
Click on the Buy/Sell Shares button. A pop-up will appear, read the instructions then click on Activate Trading. Follow the following steps: Step 1:Fill in the correct Personal Details and Click Update when done. Step 2: Fill in your Contact ...
Trading User Guide - Understanding Your Portfolio
A portfolio is a collection of investments held by an investor e.g. shares, bonds. In your portfolio, you will find the following: Summary This is a table that displays all the assets that you own and your portfolio value. Equities This is an ...
Technical Analysis
What is Technical Analysis? It is the use of charts and indicators to show trends in the market with the main concern being in price movement. Charts are graphical displays of price and volume data. Technical indicators include a variety of measures ...
Abacus Investment Account
What is an Abacus Investment Account? Abacus Investment Account is an account held in custody by a licensed custodian, SBM Bank Kenya. This account holds all shares, bonds, and derivatives. How do I open an Abacus Investment Account? You can open an ...
What Are Unit Trusts?
Abacus has introduced two Money Market Funds on the platform, namely; - Sanlam Pesa+ - Old Mutual Money Market Fund These funds are a type of unit trust, and you can read more about them below. What is a Unit Trust? A Unit Trust fund is a collective ...
How To Deposit Using MPesa
On The Abacus App; Click on Deposit/WIthdraw Select Deposit Choose the mode of deposit Enter the amount and proceed Abacus App Deposit/Withdraw Button Abacus App Deposit On The Abacus Web Platform; Go to Portfolio Click on Deposit/Withdraw On the ...
I Have Another Broker
At the moment, you will not be able to integrate your CDS account that you got from your previous broker onto Abacus. This also means that inter broker transfers is not enabled, you can't transfer shares bought on Abacus to your previous broker or ...
How To Register For Trading As An international Investor
Before registering to trade, we have a guide to help you understand what documents you will need and how to fill your profile. After reading the guide, you can go ahead to apply for trading by updating your profile. Fill in correctly all your details ...
How To Use Practice Trading
Practice investing gives you a quick training on how to place orders, trade, and manage your portfolio and account on Abacus. Click on Practice Trading on the left menu on the web platform to get started. Select your preferred starting capital from ...
Charges For Investing On Abacus
Charges are: 1: Brokerage Commission of 1.76%. 2: CDSC Transaction Levy: 0.08%. 3: CMA Guarantee Fund: 0.01%. 4: CMA Transaction Levy: 0.12%. 5: CDSC Guarantee Fund: 0.01%. 6: NSE Transaction Levy: 0.12%. 7: Stamp Duty: KES 2 for every KES 10,000. 8. ...
I Tried Selling Shares But I Receive An Error 'Insufficient Securities for Transaction'
The Nairobi Securities Exchange has a settlement period of three working days. This means when you buy shares, it takes 3 days for the shares to be transferred from the previous owner to you. The period is called the settlement duration/period. This ...
Minimum To Start Investing
For shares, it depends on the company you want to buy shares from, the minimum number of shares to buy is 100. Therefore for Mumias Sugar Company shares, you will only need KES 120 to buy 100 shares based on today's market price of KES 1.2 per share. ...
Investment Recommendation
Unfortunately, by law we are not permitted to recommend on what shares to buy or sell (too bad). But we have developed tools to enable you to make the best choice of what shares to buy. These tools include; News - these are business news aggregated ...
How Long Should I Wait Until An Order Is Filled?
The availability of the shares you want to buy or sell depends on the bids and asks in the market. The bid price is what buyers are willing to pay for it. The ask price is what sellers are willing to take for it. You can view the bids and asks on the ...
Fulfillment
Filled orders mean that all the shares you wanted to buy or sell, have been bought or sold successfully. Partial fulfillment means that of the total number of shares you wanted to buy or sell, only a portion of it has been sold or bought. The ...
Intra Day Trading
Intraday trading refers to same-day trading whereby you can be able to buy shares and sell them within the same day. Currently, settlement (actual transfer of shares from the previous owner to you) takes 3 working days. The good news is that the ...
How Will I Receive My Dividends?
A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits. When a corporation earns a profit or surplus, the corporation is able to re-invest the profit in the business and pay a proportion of the profit ...
How To Invest When You Know Nothing About Investing
By now you’ve likely heard that you should be investing toward big financial goals – like retirement. Great advice! But it can sometimes be a struggle figuring out how to invest. Well, here’s how to invest when you know nothing about investing. What ...
T-Bills
What are T-Bills? Treasury bills (T-Bills) are a secure, short-term investment, offering you returns after a relatively short period of commitment of funds. T-Bills are offered by the Central Bank of Kenya. How do T-Bills work? When you lend the ...
How To Withdraw From Your Account
On The Abacus App; Click on Deposit/WIthdraw Select Withdraw Choose the mode of withdrawal Enter the amount and proceed Abacus App Deposit/Withdraw Button Abacus App Withdraw On The Abacus Web Platform; Go to Portfolio Click on Deposit/Withdraw On ...