KQ & Stanchart dropped from NSE 20 Share Index,replaced by DTB & CIC

The Nairobi Securities Exchange has removed Kenya Airways and Standard Chartered Bank from the Benchmark NSE 20 Share Index and replaced them with CIC Insurance Group and Diamond Trust Bank Limited so as to reflect an accurate picture of market performance.

The bourse selects constituent companies of the NSE 20 Share Index based on 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 Kshs. 20 million;
  • A company should ideally be a blue chip with superior profitability and dividend record.

Following this review, the NSE 20 Share Index constituent companies will be as follows;

Agricultural Sector

Sasini Ltd

Commercial & Services Sector

Nation Media Group

Scangroup Ltd

Banking Sector

Kenya Commercial Bank Ltd

The Cooperative Bank of Kenya Ltd

Diamond Trust Bank Ltd Barclays Bank Ltd

Equity Bank Ltd

CFC Stanbic Holdings Ltd

Manufacturing & Allied Sector

East African Breweries Ltd

British American Tobacco Kenya Ltd

Athi River Mining

Bamburi Cement Ltd

Energy & Petroleum Sector

KenolKobil Ltd Kenya

Power & Lighting Ltd

Kengen Ltd

Insurance Sector

British-American Investments Company (Kenya) Ltd

CIC Insurance Group

Telecommunications and Technology Sector

Safaricom Ltd

Investment Sector

Centum Investment Ltd

Today’s Market Report

The NSE 20 Share Index was up 4.92 points to stand at 3939.50. All Share Index (NASI) ended 0.44 points higher to stand at 146.87. The NSE 25 Share Index gained 13.25 points to settle at 4184.94.

Source; NSE Kenya