Description
Stock Market is a complete beginner’s journey through investing in the securities market, built around the Kenyan experience and applicable worldwide. The book opens with the foundations of the stock market: what shares are, how stock exchanges work, the key market participants and the forces that move prices. It then develops practical skills step by step: reading market indices and listed company information, analyzing company financial statements, and valuing shares with the methods professionals use. Further chapters cover investing through stockbrokers and online trading platforms, the Central Depository System, fees and choosing the right broker, before turning to the fixed income side of the market with Treasury bills, Treasury bonds and infrastructure bonds. The final chapter brings everything together in portfolio construction: asset allocation, diversification, growth versus income investing, risk profiling and the design of a personal investment plan. Its eight chapters follow the unit’s lessons step by step, each with practical exercises, a global scope discussion and current advances in technology, taking the learner from first concepts to a complete, actionable wealth creation plan.
