The Nairobi Securities Exchange (NSE) is now a constituent of the auspicious FTSE Mondo Visione Exchanges Index, the first Index in the world to focus on listed exchanges and other trading venues.
The FTSE Mondo Visione Exchanges Index, a joint venture between FTSE Group and Mondo Visione was established in 2000.
FTSE Mondo Visione Exchanges Index compares the performance of individual exchanges and trading platforms and provides a reliable barometer of the health and performance of the exchange sector.
It enables investors to track 27 publicly listed exchanges and trading floors and focuses attention of the market on this important sector.
In making the announcement, Peter Mwangi, the NSE Chief Executive said the addition was in line with the NSE vision to be a leading securities exchange in Africa with a global reach, benchmarking the bourse against the most competitive Exchanges in the world and giving the Kenyan market international visibility.
“The NSE is elated to be added to the FTSE Mondo Visione Exchanges Index. The Index aims to reflect market sentiment and is a key indicator of the exchanges’ performance,” said Mwangi.
New issues become constituents of the FTSE Mondo Visione Exchanges Index after the close of business on the fifth day of official trading.