Thursday, September 18, 2025
26.7 C
Lagos

NSE Reveals Results of Biannual Review of Market Indices

The Nigerian Stock Exchange (NSE) has announced the results of the biannual review for the NSE and co-branded indices. The composition of these indices after the review became effective on Monday July 1, 2019.

Below are the incoming and exiting companies in the various indices.

 

Indices Title

 

Incoming

 

Exiting

     
 

NSE 30 index

·      CUSTODIAN INVESTMENT PLC. ·      DANGOTE FLOUR MILLS PLC.
     
NSE Consumer Goods Index ·      MCNICHOLS PLC ·      DANGOTE FLOUR MILLS PLC.
     
NSE Banking Index ·      NONE ·      NONE
     
NSE Insurance Index ·      VERITAS KAPITAL ASSURANCE PLC. ·      SUNU ASSURANCES NIGERIA PLC.
     
NSE Industrial Index ·      NOTORE CHEMICAL IND. PLC. ·      FIRST ALUMINUM PLC.
     
NSE Oil & Gas Index ·      NONE ·      NONE
     
NSE Pension Index ·      NONE ·      NONE
     
NSE Lotus Islamic Index

 

·      NIGERIAN AVIATION HANDLING COMPANY PLC ·      TOTAL NIGERIA PLC
     
Corporate Governance Index ·        NONE ·        NONE
     
Afrinvest Bank Value Index ·        NONE ·        NONE
     
Afrinvest Div Yield Index ·        AFRICA PRUDENTIAL PLC. ·        NONE
     
Meristem Growth Index ·        AFRICA PRUDENTIAL PLC. ·        STERLING BANK PLC

·        ZENITH BANK PLC

·        NIGERIAN AVIATION HANDLING COMPANY PLC

     
Meristem Value Index ·         ACCESS BANK PLC

·         PRESCO PLC.

·         UNITED CAPITAL PLC

·         NONE
     
     

The Nigerian bourse began publishing the NSE 30 Index in February 2009 with index values available from January 1, 2007. On July 1, 2008, the NSE developed four sectoral indices with a base value of 1,000 points, designed to provide investable benchmarks to capture the performance of specific sectors.

The Insurance and Consumer Goods Indices are composed of the top 15 most capitalised and liquid companies in their specific sector.

The Banking and Industrial Goods Indices are composed of the top ten most capitalised and liquid companies in their respective sectors, while the Oil & Gas Index is made up of the top seven most capitalized and liquid companies in the sector.

In July 2012, the Nigerian bourse launched The NSE Lotus Islamic Index (NSE LII) which consists of companies whose business practices are in conformity with Shari’ah Investment Principles, with the aim of increasing the breadth of the market and creating an important benchmark for investments as the alternative ethical and non-interest investment space widened.

The companies that appear on the Islamic Index have been thoroughly screened by Lotus Capital Halal Investment, in accordance with a methodology approved by an internationally recognized Shari’ah Advisory Board comprising of renowned Islamic scholars.

The NSE in collaboration with Afrinvest Securities Limited launched the NSE-Afrinvest Banking Value Index and NSE-Afrinvest High Dividend Yield Index in January 2019. They were designed in response to requests for applicable benchmarks for measuring value in banking stocks and high dividend stocks listed on the Exchange.

In March 2019, NSE also collaborated with Meristem Securities Limited, to launch the NSE-Meristem Growth Index and NSE-Meristem Value Index. These indices provide a benchmark for the market to gauge the performances of value stocks and growth stocks listed on the Exchange.

spot_img
spot_img

Hot this week

Designing the Future: Arc Christian Benimana, Prof Taibat Lawanson to Headline Ecobank Design and Build 2025

Ecobank Nigeria has announced that celebrated architect Arc. Christian...

Sovereign Trust Insurance Wins Enactus Catalyst Award

From L-R: Victor Akinfala, Head Partnerships & Special Projects,...

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

Universal Insurance MD/CEO, Jeff Duru, Bags CIBN Associate Membership

  Dr. Jeff Duru Managing Director/CEO Universal Insurance Plc The Managing Director/CEO of...

Sterling One Foundation CEO, Olapeju Ibekwe, Joins Board of UN Global Compact Network Nigeria Ahead of UNGA 80

    Olapeju Ibekwe, Chief Executive Officer of Sterling One Foundation,...

Topics

NGX Holds 63rd AGM, Shareholders Approve Key Resolutions

The Nigerian Exchange Group Plc (NGX Group), a leading...

Abass Resigns as ntel CEO

Mr. Kamar Abass has resigned as chief executive of...

Mayweather Vs Pacquiao: The $300m Fight of History

The Most Lucrative Fight Ever-The Greatest? The fight on May 2 between Floyd Mayweather Jr. and Manny Pacquiao is one that boxing fans and writers have sought more than any other in recent years, even though both fighters have passed their respective peaks.

ITU: Innovative ICTs to Drive Economic Opportunities

The economic opportunities of innovative information and communication technologies...

Accugas Signs MOU with Inoyo Toro Foundation to Establish Education, Internship Training Programme  

L-R: Okwudili Onyia, Communications Manager, Savannah Energy; Prof. Enobong...

Stanbic IBTC Bank Records 69% LDR, N855bn Loan Growth by Sept 2021

In its circular, BSD/DIR/GEN/LAB/12/070, to banks dated January 07,...
spot_img

Related Articles

Popular Categories

spot_imgspot_img