QW25071985 wrote:@deal. Can you give us the formulae for this nairobi20 index. The nse 20 share index formulae is public. Also make urs public. Unless you are guessing stuff like @yerbigchair. Where the heck is he anyway. Hahahaha.
Bro I dont know where YBC went...LOL...people are saying he is making a killing in Gold..so he must be in a Gold forum...the Nairobi20 Stock Index is an arithmetic average just like the Dow or the Nikkei...
Its calculated as follows:-
Sum of all stock prices/n=base
Where n=no of companies in the index, n also becomes the divisor
After calculting the base, the daily index figure is calculated as
Sum of all stock prices in the index for the day/divisor=index closing figure for the day
Adjustments to the divisor are only made when there is a stock split, bonus or even dividends