Is an equal weighted index answer to safety at the Nairobi bourse?

Is the NSE 20 Share Index top heavy? Sure, it is. When you have one counter accounting for 40 percent of the market capitalisation, it means the bullish/bearish significance of this counter affects the final print of the index.

It doesn’t help when most of the indexes (NSE 20 Share Index, All share Index) are market-cap weighted including the recently launched; NSE 10 Share Index.