Ndindi Nyoro Encourages Kenyans to Invest in Stock Market After Tripling His Shares at Kenya Power – Tuko.co.ke
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Kiharu MP Ndindi Nyoro has urged Kenyans to consider investments in the stock exchange market.
This came following Capital Markets Authority (CMA) reports showing that Nyoro's stakes at Kenya power had tripled by June 2022.
Nyoro became the third largest individual shareholder, trailing behind second placed Standard Chartered Residual with 5,227,189 shares less.
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In a Facebook post shared on Monday, September 12, Nyoro said any Kenyan can buy shares, and all they need is a Central depository and Settlement (CDS) account.
Read also
Ndindi Nyoro: Kiharu MP Becomes Largest Individual Shareholder at Kenya Power
He revealed he ventured into the business while in his first year of study at Kenyatta University.
The MP bought CIC insurance shares before listing on the Nairobi Security Exchange (NSE).
This gave him investment profits of up to 500% within one year after the company was listed.
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Kenyans Want William Ruto to Slash His Fat Salary for Hustlers
The lawmaker explained that Kenya Power shares are cheap with the current market standing of KSh 2 per share.
Nyoro disputed the fact that he is among KPLC's individual shareholders after posting 27,291,400 shares.
He argued that the majority of the largest shareholders hide their identity in the nominee accounts.
In related news, TUKO.co.ke reported that Kenyan investors increased shares at Nairobi Securities Exchange (NSE) on Monday, September 5.
This came after the Supreme Court verdict that upheld William Ruto's victory as president-elect boosted investors' mood.
Kenya's Eurobond yields plummeted as investors as stock turnover increased by 70% to KSh 448.1 million.
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Source: TUKO.co.ke
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