Review of the NSE 20 Share Index counters - Stocks - Wazua

Welcome Guest

Wazua » Investor » Stocks » Review of the NSE 20 Share Index counters

2 Pages12>

Review of the NSE 20 Share Index counters

Options

Previous Topic · Next Topic

Magnate		#1 Posted : Monday, June 09, 2014 9:24:33 PM
Rank: Member Joined: 11/1/2013 Posts: 257		Nairobi June 9, 2014 In line with global best practice, the NSE has reviewed the constituent counters on the NSE 20 Share Index following the NSE board’s approval in its previous meeting. The market index is reviewed periodically to ensure that it reflects an accurate picture of market performance. The review incorporates the inclusion of British -American Investments Company (BRITAM) Limited, Centum Investments Limited and CfC Stanbic Holdings Limited as index constituent companies replacing Kakuzi Limited, Uchumi Supermarkets Limited and Mumias Sugar Limited with effect from June 9, 2014. The NSE 20 Share Index is a price weight index calculated as a mean of the shares of 20 public, listed companies. They are selected based on a weighted market performance during the period under review based the following criteria: 1.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; 2.A company must have a free float of at least 20%; 3.Must have a minimum market capitalization of Kshs. 20 million; 4.A company should ideally be a blue chip with superior profitability and dividend record. Following the review, the NSE 20 Share Index constituent companies will be as follows:- Agricultural Sector Sasini Limited Commercial & Services Sector Kenya Airways Limited Nation Media Group Scangroup Limited Centum Investment Company Ltd Banking Sector Kenya Commercial Bank Limited The Cooperative Bank of Kenya Limited Standard Chatered Bank Limited Barclays Bank Limited Equity Bank Limited CfC Stanbic Holdings Limited Manufacturing & Allied Sector East African Breweries Limited British American Tobacco Kenya Limited Athi River Mining Limited Bamburi Cement Limited Energy & Petroleum Sector KenolKobil Limited Kenya Power Limited Kenya Electricity Generating Company Limited Insurance Sector British-American Investments Company (Kenya) Limited Telecommunications and Technology Sector Safaricom Limited No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
Back to top		\| \| Edit by moderator: Tuesday, June 10, 2014 7:19 AM \| Reason: title case
User Profile

VituVingiSana		#2 Posted : Monday, June 09, 2014 10:05:09 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi		3.Must have a minimum market capitalization of Kshs. 20 million Even the crappiest firms [HAFR, Olympia, Neveready] make the cut. 4.A company should ideally be a blue chip with superior profitability and dividend record. Isn't this subjective? What is a 'Blue Chip'? What is superior profitability and dividend record? Did you know until recently Apple did not issue dividends? Did you know Berkshire Hathaway does not issue dividends? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		\|
User Profile

Magnate		#3 Posted : Monday, June 09, 2014 10:18:01 PM
Rank: Member Joined: 11/1/2013 Posts: 257		VituVingiSana wrote: 3.Must have a minimum market capitalization of Kshs. 20 million Even the crappiest firms [HAFR, Olympia, Neveready] make the cut. 4.A company should ideally be a blue chip with superior profitability and dividend record. Isn't this subjective? What is a 'Blue Chip'? What is superior profitability and dividend record? Did you know until recently Apple did not issue dividends? Did you know Berkshire Hathaway does not issue dividends? Talk of being vague No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
Back to top		\|
User Profile

nashx		#4 Posted : Monday, June 09, 2014 10:49:22 PM
Rank: Member Joined: 2/28/2014 Posts: 188 Location: Nairobi		Magnate wrote: Nairobi June 9, 2014 In line with global best practice, the NSE has reviewed the constituent counters on the NSE 20 Share Index following the NSE board’s approval in its previous meeting. The market index is reviewed periodically to ensure that it reflects an accurate picture of market performance. The review incorporates the inclusion of British -American Investments Company (BRITAM) Limited, Centum Investments Limited and CfC Stanbic Holdings Limited as index constituent companies replacing Kakuzi Limited, Uchumi Supermarkets Limited and Mumias Sugar Limited with effect from June 9, 2014. The NSE 20 Share Index is a price weight index calculated as a mean of the shares of 20 public, listed companies. They are selected based on a weighted market performance during the period under review based the following criteria: 1.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; 2.A company must have a free float of at least 20%; 3.Must have a minimum market capitalization of Kshs. 20 million; 4.A company should ideally be a blue chip with superior profitability and dividend record. Following the review, the NSE 20 Share Index constituent companies will be as follows:- Agricultural Sector Sasini Limited Commercial & Services Sector Kenya Airways Limited Nation Media Group Scangroup Limited Centum Investment Company Ltd Banking Sector Kenya Commercial Bank Limited The Cooperative Bank of Kenya Limited Standard Chatered Bank Limited Barclays Bank Limited Equity Bank Limited CfC Stanbic Holdings Limited Manufacturing & Allied Sector East African Breweries Limited British American Tobacco Kenya Limited Athi River Mining Limited Bamburi Cement Limited Energy & Petroleum Sector KenolKobil Limited Kenya Power Limited Kenya Electricity Generating Company Limited Insurance Sector British-American Investments Company (Kenya) Limited Telecommunications and Technology Sector Safaricom Limited Interesting move...maybe I should get back into the CfC bus Offering my personal finance knowledge for free
Back to top		\|
User Profile

mwekez@ji		#5 Posted : Monday, June 09, 2014 11:24:14 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		NSE chaps should know correct category of Centum Investment. Not that Commercial and Services!
Back to top		\|
User Profile

hisah		#6 Posted : Tuesday, June 10, 2014 8:32:55 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		So sugar is no longer sweet for NSE20. Sugar and uchumi are good consumption indicators. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top		\|
User Profile

iris		#7 Posted : Wednesday, July 29, 2015 3:32:37 PM
Rank: Member Joined: 9/11/2014 Posts: 228 Location: Nairobi		Magnate wrote: Nairobi June 9, 2014 In line with global best practice, the NSE has reviewed the constituent counters on the NSE 20 Share Index following the NSE board’s approval in its previous meeting. The market index is reviewed periodically to ensure that it reflects an accurate picture of market performance. The review incorporates the inclusion of British -American Investments Company (BRITAM) Limited, Centum Investments Limited and CfC Stanbic Holdings Limited as index constituent companies replacing Kakuzi Limited, Uchumi Supermarkets Limited and Mumias Sugar Limited with effect from June 9, 2014. The NSE 20 Share Index is a price weight index calculated as a mean of the shares of 20 public, listed companies. They are selected based on a weighted market performance during the period under review based the following criteria: 1.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; 2.A company must have a free float of at least 20%; 3.Must have a minimum market capitalization of Kshs. 20 million; 4.A company should ideally be a blue chip with superior profitability and dividend record. Following the review, the NSE 20 Share Index constituent companies will be as follows:- Agricultural Sector Sasini Limited Commercial & Services Sector Kenya Airways Limited Nation Media Group Scangroup Limited Centum Investment Company Ltd Banking Sector Kenya Commercial Bank Limited The Cooperative Bank of Kenya Limited Standard Chatered Bank Limited Barclays Bank Limited Equity Bank Limited CfC Stanbic Holdings Limited Manufacturing & Allied Sector East African Breweries Limited British American Tobacco Kenya Limited Athi River Mining Limited Bamburi Cement Limited Energy & Petroleum Sector KenolKobil Limited Kenya Power Limited Kenya Electricity Generating Company Limited Insurance Sector British-American Investments Company (Kenya) Limited Telecommunications and Technology Sector Safaricom Limited Is the above list of NSE 20 members current or has there been another review this year?
Back to top		\|
User Profile

Magnate		#8 Posted : Wednesday, April 20, 2016 1:27:09 PM
Rank: Member Joined: 11/1/2013 Posts: 257		Nairobi April 20, 2016:In line with global best practice, the NSE has reviewed the constituent counters of the NSE 20 Share Index following the NSE board’s approval. The market index is reviewed periodically to ensure that it reflects an accurate picture of market performance. The review incorporates the inclusion of CIC Insurance Group and Diamond Trust Bank Limited as index constituent companies replacing Kenya Airways and Standard Chartered Bank Limited with effect from April 19, 2016. 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 Kshs. 20 million; • A company should ideally be a blue chip with superior profitability and dividend record. Following the review, the NSE 20 Share Index constituent companies will be as follows; No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
Back to top		\|
User Profile

Magnate		#9 Posted : Wednesday, April 20, 2016 1:28:50 PM
Rank: Member Joined: 11/1/2013 Posts: 257		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 No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
Back to top		\|
User Profile

kawi254		#10 Posted : Wednesday, April 20, 2016 2:03:14 PM
Rank: Member Joined: 2/20/2015 Posts: 468 Location: Nairobi		Isn't this doctoring the NSE 20 index by removing companies whose share price has dropped and adding companies whose share price has risen?
Back to top		\|
User Profile

2 Pages12>

Wazua » Investor » Stocks » Review of the NSE 20 Share Index counters

Forum Jump

You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Watch this topic
Print this topic

Normal
Threaded