WorldStage Newsonline– Nigerian Exchange Limited (NGX) has announced the results of its full year market index review for the following 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.
According to a statement, the review led to the entry and exit of some companies from several indices which took effect at the open of the market on Tuesday, 1 July 2025. Below are the incoming and exiting companies in the various indices:
The latest market indices showed that in NGX 30 Index, Aradel Holdings Plc and Wema Bank Plc are incoming firms with Conoil Plc and Julius Berger Nigeria Plc as exiting.
NGX Consumer Goods Index has McNichols Consolidated Plc incoming and Golden Guinea Breweries Plc exiting; NGX Banking Index has no change.
NGX Insurance Index has LASACO Assurance Plc incoming with Fortis Global Insurance Plc and International Energy Insurance Plc exiting.
NGX Industrial Index has Austin Laz & Company Plc incoming with Notore Chemical Industries Plc exiting.
However, NGX Oil & Gas Index, NGX Pension Index, NGX Lotus Islamic Index, Corporate Governance Index, NGX Pension Broad Index, Afrinvest Bank Value Index have no change.
Afrinvest Div Yield Index having Access Holdings Plc, FCMB Group Plc, and Julius Berger Nigeria Plc as incoming with none exiting.
Meristem Growth Index having Wema Bank Plc, Chemical and Allied Products Plc, and Guaranty Trust Holding Company Plc as incoming with Fidelity Bank Plc, Transnational Corporation plc, United Bank for Africa Plc, and Unilever Nigeria Plc and Guinness Nig Plc exiting.
Meristem Value Index has United Bank for Africa Plc, Unilever Nigeria Plc and Guinness Nig PLC as incoming and only Julius Berger Nigeria Plc exiting.
“ 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,” the statement said.
Jude Chiemeka (CEO, NGX) reiterated that the Exchange “continues to blaze the trail on the path to becoming Africa’s foremost securities exchange with innovation and product development that deepen the market and boost liquidity, thus connecting Nigeria, Africa and the world.”
Abimbola Babalola (Head, Trading & Products) emphasized that “NGX indices were developed, managed and rebalanced semi-annually to allow investors efficiently track market movements and properly manage investment portfolios.
“The compiler of the indices maintains the right to modify the circulated selection above in connection with any mergers, takeovers, suspension or resumption of trading or any other company structure changes during the period before the effective date of the annual review.”
