NAIROBI – The Nairobi Securities Exchange today announced that in cooperation with FTSE, the delayed index values of the FTSE NSE Kenya 15 Index and the FTSE NSE Kenya 25 Index are now available on the NSE website www.nse.co.ke. The latest values of both indices are available from FTSE every 15 (fifteen) seconds; and will be displayed on the NSE website after a 15 (fifteen) minute delay.
The new initiative gives investors the opportunity to access current information and provides a reliable indication of the Kenyan equity market’s performance during trading hours. The FTSE NSE Kenya Index Series are built according to FTSE’s renowned standards of index design, which emphasise transparency, tradability and strong governance, with index data available across a range of global vendor platforms.
The FTSE NSE Kenya 25 Index
This tradable index is calculated in Kenyan shilling and reflects the performance of the 25 most liquid stocks trading on the Nairobi Securities Exchange.
The FTSE NSE Kenya 15 Index
This tradable index reflects the performance of the largest 15 stocks trading on the Nairobi Securities Exchange, ranked by full market capitalisation, and is also calculated in Kenyan shillings. The indices are designed using FTSE’s robust rules for free-float and liquidity to provide investor confidence. The indices are reviewed semiannually in June and December, and overseen by an independent governance committee.
Peter Mwangi, Chief Executive, Nairobi Securities Exchange, said: “The NSE continues to build on its existing suite of products and services in order to meet the evolving needs of our domestic and international investors. The provision of performance information of the indices during the trading session should enable investors more quickly measure market performance. The FTSE NSE Kenya index series act as a gauge by which our investors can measure the performance of their portfolios. It is a crucial part of the efforts of the Nairobi Securities Exchange to evolve into a full service securities exchange which supports trading, clearing and settlement of equities, debt, derivatives and other associated instruments.”
Jonathan Cooper, Managing Director, FTSE Middle East and Africa, noted: “FTSE is pleased to have worked with the Nairobi Securities Exchange on this important initiative. Increased accessibility to FTSE NSE Kenya index values will provide greater transparency and boost investor confidence in the new index series.”