Stanchart, Kenya Airways (KQ) axed from NSE 20 Share Index

Standard Chartered Bank and Kenya Airways counters have been dropped from the Nairobi Securities Exchange's top 20 share index. In a statement, NSE said the two counters will now be replaced by Diamond Trust Bank and CIC Insurance Group.

Last year, the Stanchart share counter was the worst performing among the 11 listed banks. According to Standard Investment Bank analysis, the counter lost 41.8 per cent of its share price. The KQ counter has also been shedding off its value due to a series of negative corporate reports leading to erosion of price gains.