| dc.contributor.author | Odera, John O | |
| dc.date.accessioned | 2013-03-14T12:42:00Z | |
| dc.date.issued | 2000-9 | |
| dc.identifier.citation | Determining the accuracy of the Nairobi Stock Exchange 20-share index. | en |
| dc.identifier.uri | http://hdl.handle.net/11295/13890 | |
| dc.description.abstract | The study set out to determine the accuracy of the Nairobi Stock Exchange (NSF) 20-
Share index Then ·ed forth study emanated from the apparent weakness of the NSE
20- Share index to effectively report on the market performance as it is calculated using
unadjusted share prices and a geometric averaging method that has been statistically
proven to have a downward hias in the long run .
In addition. there is need for an alternative .
performance measure to have a balanced view ~
value movements in the NSE.
The derived indices were four in number: a Composite All-Share index, a 20-Share index
(Laspeyres method), a 20- Share index (Paasche method) and a 20-Share index (Fisher's
ideal method)
The. all used 1996 \\eek 14 as the base period and the base value was set at 3007 .39.the
value of the , E 20-Share indece in the same period. This figure was selected to provide
for uniformity and enable comparison among the indices. | en |
| dc.language.iso | en | en |
| dc.subject | Stock Index | en |
| dc.subject | The index effect | en |
| dc.subject | Nairobi Stock Exchange | en |
| dc.title | Determining the Accuracy of The Nairobi Stock Exchange 20-Share Index | en |
| dc.type | Other | en |
| local.embargo.terms | 6 months | en |
| local.embargo.lift | 2013-09-10T12:42:00Z | |
| local.publisher | School of Accounting, Economics and Finance,University of Southern Queensland, Australia | en |
| local.publisher | University of Nairobi | en |
| local.publisher | School of Business,University of Nairobi, Nairobi, Kenya | en |
