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These Are the 5 Most Expensive Stocks on the NSE

These stocks are ideal for investors seeking stability in their portfolios and can be used as security for loans

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If you’re looking for the best companies to invest in Kenya now, one of the things you will consider is share prices. The Nairobi Securities Exchange (NSE) is the place where company shares are traded in Kenya. The bourse hosts about 60 companies representing a diverse range of industries, offering investors a broad range of options.

NSE companies come in different stock prices. Some cost only a few cents a share while others cost hundreds of shillings.

Apart from the number of shares you want to purchase, share prices also determine how much money you’ll require to start investing in NSE stocks. While you may buy as few as 100 shares to start, share prices vary widely across the bourse.

The best NSE stocks to buy are not necessarily those with the highest share price. But high-priced stocks tend to attract investors with long investing timelines rather than speculators. As a result, expensive stocks can be more stable than the cheap ones.

These are the 5 most expensive stocks on the NSE on the basis of share prices:

5. Kapchorua Tea Kenya PLC (KAPC) – Ksh193

Kapchorua grows tea, which it processes into finished consumer products. It operates tea farms in Nandi Hills and sells its products mostly to the export markets. Kapchorua Tea is affiliated with Williamson Tea, another NSE-listed company.

Kapchorua Tea share price stood at Ksh193 as of the close of business on 4th October. If you’re considering investing in Kapchorua Tea stock, you would need to have at least Ksh19,300 to get started because of the requirement to purchase at least 100 shares.

Over the past year, Kapchorua Tea share price has moved in the range of Ksh100 to Ksh241. There are about 8 million Kapchorua Tea shares on the hands of investors. Kapchorua also ranks among the top NSE stocks minting money for investors this year.

4. Williamson Tea Kenya PLC (WTK) – Ksh229

Williamson Tea grows tea and sells tea products in the domestic and international markets. Its product portfolio consists of nearly a dozen tea product brands, including Duchess Grey, Lifeboat Tea, Mint Garden, Traditional Afternoon and Kenya Earth. The company operates tea plantations in Kapchorua, Kaimosi, Changoi and Tinderet.

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Williamson Tea stock is listed on the NSE under the “WTK” ticker symbol. Williamson Tea share price was at Ksh229 as of the close of business on 4th October. It means that you would need to have at least Ksh22,900 to start investing in Williamson Tea shares.

Williamson Tea stock has traded in the range of Ksh137 – Ksh275 over the past year. The tea company has more than 17 million shares on the hands of investors. 

3. Limuru Tea PLC (LIMT) – Ksh380

As its name implies, Limuru Tea is also in the tea business. The company grows tea on its farms located near Limuru town. It owns 275 hectares of tea plantation. Limuru primarily sells its tea to Unilever for processing and mostly to the export markets. Limuru stock is listed on the NSE under the “LIMT” ticker symbol.

Limuru Tea share price was at Ksh380 as of the close of trading on 4th October. Considering that the minimum number of shares you can purchase on the NSE is 100 shares, you would need at least Ksh38,000 to start investing in Limuru Tea stock.

Over the past year, Limuru Tea stock price has moved between Ksh380 and Ksh430. The tea company has about 2.4 million on the hands of investors.

2. Kakuzi PLC (KUKZ) – Ksh415

Kakuzi is in a farming business. It grows and sells tea, avocados, pineapples and macadamia nuts. Moreover, the company sells timber products and raises livestock for meat and milk. Kakuzi sells its products domestically and abroad. The company operates from locations in Thika and Nandi Hills.

Kakuzi stock trades on the NSE under the “KUKZ” ticker symbol. Kakuzi share price was at Ksh415 on 4th October, making it the second-most expensive stock on the NSE. You would need at least Ksh41,500 to start investing in Kakuzi shares.

Kakuzi share price has ranged from Ksh240 – Ksh430 over the past year. There are about 20 million Kakuzi shares on investors’ hands.

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1. British American Tobacco Kenya PLC (BAT) – Ksh419

British American Tobacco Kenya manufactures cigarettes for the domestic and international markets. It sells its cigarette products under brands such as Pall Mall, Dunhill and Rothmans. Additionally, BAT sells other tobacco products. BAT stock is listed on the NSE under the “BAT” ticker symbol.

BAT stock is the most expensive stock on the NSE right now, commanding a price of Ksh419 a share as of 4th October.

It means that you would need at least Ksh41,900 to start investing in BAT shares, considering that the minimum number of shares you can purchase on the NSE is 100 shares.

The BAT share price has ranged from Ksh390 – Ksh495 over the past year. The tobacco company has 100 million shares on investors’ hands.

In Conclusion

Because of their stability, high-priced stocks can appeal to conservative investors – those with low risk appetite. Moreover, high-priced stocks can be a great fit for investors looking to borrow against their portfolios as collateral. Some banks allow you to pledge your stocks as security when taking out a loan.

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BENARD ADERA
BENARD ADERAhttp://www.businesstoday.co.ke
Benard Adera is a freelance writer covering financial topics. Profile picture attached. email: [email protected]
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