The Nigerian Exchange Limited, NGX, has announced the results of its full year market index review, leading to the entry and exit of some companies from several indices.
In a statement, the NGX said its review covered the indices: NGX 30; NGX Lotus Islamic; NGX Pension; NGX Pension Broad Index; Corporate Governance Index; Afrinvest Bank Value Index; Afrinvest Dividend Yield Index; Meristem Growth Index; Meristem Value Index; and the five Sectoral Indices of The Exchange – NGX Banking, NGX Insurance, NGX Industrial, NGX Consumer Goods and NGX Oil & Gas.
Under the NGX 30, Aradel Holdings Plc and Wema Bank Plc came in while Conoil Plc and Julius Berger Nigeria Plc exited.
NGX Consumer Goods index saw McNichols Consolidated Plc coming in while Golden Guinea Breweries Plc exited.
LASACO Assurance Plc. came in under the NGX Insurance Index with Fortis Global Insurance Plc and International Energy Insurance Plc exiting while Austin Laz & Company Plc entered the NGX Industrial Index and Notore Chemical Industries Plc exited.
For the Afrinvest Dividend Yield Index, Access Holdings Plc, FCMB Group Plc. and Julius Berger Nigeria Plc came in with no company exiting.
Meristem Growth Index had Wema Bank Plc, Chemical and Allied Products Plc and Guaranty Trust Holding Company Plc coming in while Fidelity Bank Plc, Transnational Corporation plc, United Bank for Africa Plc, Unilever Nigeria Plc and Guinness Nig Plc exited.
And under the Meristem Value Index, United Bank for Africa Plc, Unilever Nigeria Plc, and Guinness Nig PLC came in while Julius Berger Nigeria Plc exited.
However, there was no entering or exiting company under the NGX Banking Index, NGX Oil & Gas Index, NGX Pension Index, NGX Pension Broad Index, NGX Lotus Islamic Index, Corporate Governance Index, and the Afrinvest Bank Value Index.
Designed using the market capitalization methodology, the indices are rebalanced on a semi-annual basis on the first business day in January and in July respectively and this review took effect at the open of the market on Tuesday, 1 July 2025.
Speaking on this development, the Chief Executive Officer of the NGX, Jude Chiemeka reiterated the Exchange’s continued commitment to blaze the trail on the path to becoming Africa’s foremost securities exchange.
Chiemeka said that the NGX would continue with its innovation and product development that deepens the market and boosts liquidity, thus connecting Nigeria, Africa and the world.
Hauwa Abu