Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

NGX Reveals Results Of Half-Year Review Of Market Indices

Date 01/07/2024

The review has led to the entry and exit of some companies from several indices which took effect at the open of the market on Monday, 1 July 2024. Below are the incoming and exiting companies in the various indices:

Indices Title

Incoming

Exiting

 

 

 

 

NGX 30 Index

  • None
  • None

 

 

 

NGX Consumer Goods Index

  • None
  • None

 

 

 

NGX Banking Index

  • None

·     None

 

 

 

NGX Insurance Index

  • None
  • None

 

 

 

NGX Industrial Index

·     None

·     None

 

 

 

NGX Oil & Gas Index

·     Japaul Oil and Services

·     MRS Plc

 

 

 

NGX Pension Index

  • Geregu Power Plc
  • NASCON
  • UNILEVER PLC
  • Vitafoam Plc
  • CAP Plc
  • Beta Glass Plc 

 

 

 

NGX Lotus Islamic Index

 

  • Dangote Sugar Refinery Plc
  • Nascon Allied Industries Plc
  • Airtel Africa Plc

 

 

 

Corporate Governance Index

  • None

·              None

 

 

 

NGX Pension Broad Index

  • Transcorp Power Plc
  • None

 

 

 

Afrinvest Bank Value Index

  • None
  • None

 

 

 

Afrinvest Div Yield Index

  • United Capital Plc
  • FCMB Group plc
  • MAY & BAKER Nigeria Plc
  • MTN Nigeria Communications Plc
  • VITAFOAM NIG PLC
  • STANBIC IBTC Holdings Plc

 

 

 

Meristem Growth Index

  • CONOIL
  • UNILEVER

 

  • JAIZBANK
  • NAHCO
  • NEM
  • STERLING
  • TOTAL
  • WAPCO

 

 

 

Meristem Value Index

  • WAPCO
  • CUSTODIAN
  • FCMB

 

  • CAP
  • CAVERTON
  • MRS
  • NPFMCRFBK
  • REDSTAREX

 

 

 

 

 

 

 

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.

Jude Chiemeka (Ag. CEO NGX) reiterated, ‘’The Exchange continues to blaze the trail on the path to becoming Africa’s foremost securities exchange with innovation and product development that deepens the market and boosts liquidity, thus connecting Nigeria, Africa and the world.’’

Abimbola Babalola (Head, Trading & Products) emphasized that ‘’NGX indices are developed, managed and rebalanced semi-annually to allow investors efficiently track market movements and properly manage investment portfolios.’’