The Nairobi Securities Exchange (NSE) has introduced two new market indices: the NSE 10 Share Index (N10) and the NSE Bond Index (NSE-BI).
The N10 Index, which came into effect immediately, will monitor the performance of the equities market and consist of 10 prominent companies, including Safaricom Plc, Equity Group Holdings Plc, and KCB Group Plc.
The NSE-BI, to be launched on October 1, 2023, will focus on the bonds market and be based on benchmark Government bonds listed on the NSE.
Additionally, NSE has made alterations to the NSE 20 Share Index by replacing WPP Scan Group Plc, Nairobi Securities Exchange Plc, and Diamond Trust Bank Kenya with CIC Insurance Group Plc, Bank of Kigali Group Plc, and I&M Holdings Plc as constituent companies.
These changes are aimed at enhancing the Nairobi Securities Exchange’s offerings to investors.
“The development of the new equity index, which will adopt a market capitalization float-adjusted methodology and the new Bond indes will enhance our investors’ ability to effectively monitor the performance of listed securites on the NSE,” Mr Geoffrey Odundo, CEO of NSE noted in a statement.