…as NGX reviews H1 market indices
The Nigerian Exchange Limited (NGX) has concluded its semi-annual market indices review for the first half (H1) of the year, triggering notable shifts within its flagship index.
Heavyweights Oando Plc and Transnational Corporation Plc (Transcorp) have officially exited the prestigious NGX 30 index. Making their way into the elite group of the market’s most capitalised and liquid stocks are consumer goods giants NASCON Allied Industries Plc and Unilever Nigeria Plc, reflecting changing momentum and sector rebalancing within the local bourse. Related News Emirates becomes first airline cargo carrier to deploy the Boeing 777-300ERSF Defence Minister drives Niger Delta collaboration towards increased oil production Nigeria must link digital transformation to industrial growth
The review covers the NGX 30 Index, NGX Lotus Islamic Index, NGX Pension Index, NGX Pension Broad Index, Corporate Governance Index, Afrinvest Bank Value Index, Afrinvest Dividend Yield Index, Meristem Growth Index, Meristem Value Index, as well as NGX’s sectoral indices comprising the NGX Banking, NGX Insurance, NGX Industrial, NGX Consumer Goods and NGX Oil & Gas Indices. The changes reflect the application of the Exchange’s prescribed index methodology and periodic rebalancing process.
