NSE reviews indices based on performance
The Nairobi Securities Exchange (NSE) has reviewed the listed companies used on its two main indices as it seeks to create a better reflection of market performance.
The NSE 20 share index which tracks the top 20 best performing companies will see Kenya Re, NIC Group and the NSE added to the list.
They will replace CIC Insurance group, Stanbic Holdings and Sasini which have been dropped from the 20 share index.
The dropping of Sasini will mean that it will be the first time an agricultural firm is not featuring on the list.
“The market index is reviewed periodically to ensure that it reflects an accurate picture of market performance,” the NSE board said in a statement to newsrooms.
The NSE 25 Share index is a market capitalization weighted index designed to represent the performance of Kenyan companies listed on the bourse, providing investors with a comprehensive and complementary benchmark to measure the performance of the Kenyan securities market
The board has replaced HF Group with the NSE on the 25 share index.
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