Trading at the Nairobi Securities Exchange.

The Nairobi Securities Exchange (NSE) has reviewed the constituent counters of its NSE 20 and 25 share indices, with effect from 3rd April, 2018. The changes, which are in line with global best practice, were approved by the NSE board.

The market index is reviewed periodically to ensure that it reflects an accurate picture of market performance. The review of the NSE 20 share index incorporates the inclusion of Kenya Reinsurance Corporation Limited, NIC Group Plc and Nairobi Securities Exchange Plc as index constituent companies replacing CIC Insurance Group Limited, Stanbic Holdings Plc and Sasini Plc.

The review of the NSE 25 share index, on the other hand, incorporates the inclusion of Nairobi Securities Exchange Plc as an index constituent company replacing HF Group Plc.

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 based the following criteria:

  • Trading activity measures i.e. market capitalization, shares traded, deals/liquidity and turnover during the period under review are weighed in the ratio of 4:3:2:1 respectively;
  • A company must have at least 20% of its shares quoted at the NSE;
  • Must have a minimum market capitalization of Kshs20 million;
  • A company should ideally be a blue-chip with superior profitability and dividend record.

The NSE 25 share index is a market capitalization weighted index designed to represent the performance of Kenyan companies listed on Nairobi Securities Exchange providing investors with a comprehensive and complementary benchmark to measure the performance of the Kenyan securities market.

In order for a company to qualify for inclusion in the NSE 25 share index, the issuer shall fulfill the following conditions:

  • Shares must have their primary listing on the Nairobi Securities Exchange.
  • Must have a least 20% of its shares quoted on the NSE.
  • Must have been continuously quoted for a least one year.
  • Must have a minimum market capitalization of Ksh1 billion
  • Should ideally be a blue-chip with superior profitability and dividend record.

Following the review, the respective index constituent companies will be as follows:

NSE 20 Share Index constituents

Commercial & Services Sector

1. Nation Media Group

2. Scangroup Limited

Banking Sector

3. KCB Group Plc

4. The Cooperative Bank of Kenya Limited

5. Diamond Trust Bank Limited

6. Barclays Bank of Kenya Limited

7. Equity Group Holdings Plc

8. NIC Group Plc

Manufacturing & Allied Sector

9. East African Breweries Limited

10. British American T*****o Kenya Limited

11. ARM Cement Plc

12. Bamburi Cement Limited

 Energy & Petroleum Sector

13. KenolKobil Limited

14. Kenya Power & Lighting Limited

15. KenGen Limited

Insurance Sector

16. Britam Holdings Plc

17. Kenya Reinsurance Corporation Limited

Telecommunications and Technology Sector

18.  Safaricom Plc

 Investment Sector
19. Centum Investment Company Plc

Investment Services Sector
20. Nairobi Securities Exchange Plc

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NSE 25 Share Index Constituents

Commercial & Services Sector

1. Nation Media Group Limited

2. WPP Scangroup Limited

Banking Sector

3. Barclays Bank of Kenya Limited

4. Stanbic Holdings Plc

5. Diamond Trust Bank Kenya Ltd

6. Equity Group Holdings Plc

7. I&M Holdings Limited

8. KCB Group Plc

9. NIC Group Plc

10. Standard Chartered Bank Kenya Limited

11. Co-operative Bank of Kenya Limited

Manufacturing & Allied Sector

12. East African Breweries Limited

13. British American T*****o Kenya Limited

14. ARM Cement Plc

15. Bamburi Cement Limited

Energy & Petroleum Sector

16. KenGen Co. Limited

17. KenolKobil Limited

18. Kenya Power & Lighting Co Limited

Insurance Sector

19. Britam Holdings Plc

20. CIC Insurance Group Limited

21. Kenya Re Insurance Corporation Limited

22. Liberty Kenya Holdings Limited

Investment Sector

23. Centum Investment Company Plc

Investment Services Sector

24. Nairobi Securities Exchange Plc

Telecommunications and Technology Sector

25. Safaricom Plc

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