Local Investors can now track and compare market value of domestic companies’ issued share capital against their international peers as Nairobi Securities Exchange (NSE) joins the FTSE/ Mondo Visione Exchange Index.
The joint venture between FTSE Group, the global index group, and Mondo Visione is the first index in the world to focus on listed exchanges and other trading venues started in 2000.
The Index compares the performance of individual exchanges and trading platforms and is deemed to provide a reliable barometer of the health and performance of the exchange sector.
Publicly listed firms and investors in the country will now be able to track 27 publicly listed exchanges and trading floors in a platform that focuses attention of the market on this important sector.
NSE Chief Executive Peter Mwangi, the Index aims to reflect market sentiment and is a key indicator of
the exchanges’ performance.
“This addition is in line with our vision ‘To be a leading securities exchange in Africa, with a global reach’, benchmarking our Exchange against the most competitive Exchanges in the world and giving the Kenyan market international visibility.” Said Mwangi.
New issues at the bourse become constituents of the FTSE Mondo Visione Exchanges Index after the
close of business on the fifth day of official trading-meaning the overall performance will be determined by the average performance of the stock in a week.