Safaricom has been the best performing NSE top 10 counters over the past one year, with a share price gain of 10.5 per cent. The difference in performance of the two most commonly used indices at the NSE reflects the oversized impact of Safaricom’s large market cap. The NSE All Share Index, which is market cap-weighted — hence Safaricom carries more weight here — has significantly outperformed the price-weighted NSE 20 share index over the past year, recording a softer decline of 12.7 per cent versus 24 per cent for the 20 share. Given its higher weighting on the NSE All share index, Safaricom will influence this index more than it will the 20 share index,” said Sterling Capital head of research Eric Munywoki. StanChart (Sh61.8 billion), Co-operative Bank (Sh59.2 billion), Bamburi (Sh56.3 billion), Barclays (Sh44.3 billion) and KenGen (Sh35.3 billion) complete the top 10.

Source: Daily Nation January 16, 2017 07:44 UTC