stock market
stock market

The Nairobi Securities Exchange (NSE) has reviewed its constituent counters that make the NSE 20 and NSE 25 share indices.

The bourse said in a statement on Friday it had dropped regional oil marketer KenolKobil from the NSE 20 Share Index and replaced it with national carrier Kenya Airways.

“The market index is reviewed periodically to ensure that it reflects an accurate picture of market performance,” said NSE in a statement.

The review of the NSE 25 share index incorporates the inclusion of Total Kenya Ltd as an index constituent company also replacing KenolKobil Ltd.

The NSE 20 share index is a price weight index calculated as a mean of the top 20 best performing counters. The constituent companies are selected based on a weighted market performance during the period under review.

“The NSE 25 share index is designed to represent the performance of the top 25 Kenyan companies listed on the NSE providing investors with a comprehensive and complementary benchmark to measure the performance of the Kenyan stock market,” said the NSE. Enditem

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