For the first time, NSE excludes the little-traded agricultural sector.
Sasini Ltd, CIC Insurance Group Ltd and Stanbic Holdings Plc dropped from the NSE 20-Share index
Bourse says move was aimed at reflecting the accurate market performance.
The Nairobi Securities Exchange (NSE) #ticker:NSE board on Tuesday reviewed lists of floated companies appearing on its NSE-20 and 25-Share indices, for the first time excluding the little-traded agriculture sector.
The bourse said the move was aimed at reflecting the accurate market performance.
Sasini Ltd, #ticker:SASN CIC Insurance Group Ltd and Stanbic Holdings Plc have been dropped from the NSE 20-Share index and replaced by the more liquid Kenya-Re, #ticker:KNRE NIC Group Plc #ticker:NNIC and Nairobi Securities Exchange Plc.
Trade activity
The board said, the NSE 20-Share Index new entrants were measured on their trading activity, market capitalisation, shares traded, deals/liquidity and turnover during the period under review, weighed on the ratio of 4:3:2:1 respectively.
The NSE 20-Share Index is a price-weight index calculated as a mean of the top 20 best-performing counters.
