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ABSA Bank Kenya Plc (NSE: ABSA)

Nigel Firth
Nigel Frith trader
Updated 28 May 2024

What is ABSA Bank Kenya Plc

ABSA Bank Kenya Plc is a leading provider of financial services in Kenya that offers banking products and services to individual consumers and corporate sectors.

Absa Bank Kenya Plc’s history can be traced to 1916. The company was formerly known as Barclays Bank of Kenya Limited and renders services including specialist investment banking, financing, risk management and advisory services for corporates, financial institutions and government clients. Barclays Bank of Kenya was a subsidiary of Barclays Africa Group Limited.

Absa Bank Kenya Plc has approximately 120 outlets and 230 ATMs. ABSA Bank Kenya Plc has a diversified portfolio in the financial value chain and operates in Consumer Banking and Corporate Banking segments. The Consumer Banking segments offers private customer current accounts, savings, deposits, credit and debit cards, consumer loans and mortgages. The Corporate Banking segment offers direct debit facilities, current accounts, deposits, overdrafts, loan and other credit facilities, foreign currency dealings and derivative products.

Absa Bank Kenya Plc’s personal banking division offers full-service banking including personal transactional accounts, credit application and wealth and investment management, and electronic and mobile banking support.

Absa Bank Kenya Plc’s credit cards include Barclaycard Visa Classic, Barclaycard Visa Gold, Barclays Premier, League card, Company card and Secured Gold. Its business banking includes accounts, loans and business club.

ABSA Bank Kenya Plc’s equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol ABSA. Today, ABSA Bank Kenya Plc has its headquarters in Nairobi, Kenya and has more than 2 600 employees.

Charles Muchene is the current Chairman of ABSA Bank Kenya Plc and Jeremy Awori is the Managing Director. The company forms part of the Banking Industry of the Financials Sector.

Absa Bank Kenya Plc is the issuers of the ABSA stock on the Nairobi Securities Exchange but have a number of market competitors who are also engaged in the Financial sector and Banking industry.

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ABSA Bank Kenya Plc

ABSA Bank Kenya Plc Stock Performance

The current price for ABSA Bank Kenya Plc stocks is 10.40 KES. The company has a total market capitalization of 56,487,974,400 KES.

When ABSA closed its trading day on Friday 10 September 2021 on the Nairobi Securities Exchange (NSE), it recorded a 1% gain over its previous 10.30 KES closing price.

An analysis of financial data indicated that ABSA Bank Kenya Plc experienced a 52 week change of 8.33% with a high of 11.00 KES and a 52 week low of 8.62 KES.

Shareholders can further be positive about the stocks having accrued 6% over a recent four-week period, the 18th best on the NSE.

Due to an increase of earnings per share to 0.77 KES and constant profits over a period, investors who want to buy or sell ABSA BANK KENYA PLC stocks can be assured of profitable dividends and earnings in times to come.

According to an analysis on the live chart of ABSA BANK KENYA PLC, analysts forecast additional improved performance for the Financials sector with market share growing as trading volumes may increase.

Highlights of ABSA Bank Kenya Plc in 2021

ABSA Bank Kenya Plc opened the year with a share price of 9.66 KES and has gained 7.66 % in value on its price valuation, ranking it 24th on NSE with its year-to-date performance.

ABSA Bank Kenya Plc is the seventh most traded stock on the Nairobi Securities Exchange over the three month period from 15 June 2021 until 10 September 2021, when the company had a total trading volume of 33.1 million shares that were finalised in 3 346 deals and valued at a total of 337 million KES, with an average of 525 111 traded shares per each trading session.

During that same period the highest volume of 5.95 million was achieved on 26 August, and the lowest volume of 12 800 on 23 July.

How to buy ABSA Bank Kenya Plc stocks – Step by Step

The stock market is still one of the most popular financial markets that attracts millions of retail investors and participating traders daily. To buy, sell or trade ABSA Bank Kenya Plc stocks, traders and investors should follow a few easy steps:

  • Select a forex broker that offers access to the Nairobi Securities Exchange (NSE).
  • Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  • Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  • Find the symbol of the share that you want to buy, in this case, ” ABSA”.
  • You can start by making your first share purchase through the broker.
  • You can now continue to buy more shares to build and diversify your portfolio.

FAQs

The Nairobi Securities Exchange the Stock Exchange in Kenya that was established in 1954 in Nairobi. At the time it was a voluntary association of stockbrokers in the European community and was registered under the Societies Act in British Kenya.

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Nigel Firth
Nigel Frith trader
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.
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