The Nigerian Exchange Limited (NGX) has revised its market indices for the midyear with effect from July 1 this year, leading to the inclusion and removal of companies across several benchmark indices.
A statement issued by the Exchange on the changes in the market indices indicated that the affected indices comprised the NGX 30; NGX Lotus Islamic; NGX Pension; NGX Pension Broad Index; Corporate Governance Index; and Afrinvest Bank Value Index.
Others are Afrinvest Dividend Yield Index; Meristem Growth Index; and Meristem Value Index, as well as the five sectoral indices: Banking, Insurance, Industrial, Consumer Goods, and Oil & Gas.
Those listed in the NGX 30 Index were Aradel Holdings Plc, Wema Bank Plc, Conoil Plc, and Julius Berger Nigeria Plc, NGX Consumer Goods Index, McNichols Consolidated Plc and Golden Guinea Breweries Plc.
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In the Insurance Index, LASACO Assurance Plc, Fortis Global Insurance Plc, and International Energy Insurance Plc were added while Austin Laz & Company Plc and Notore Chemical Industries Plc were included in the Industrial Index.
However, the revision of the market indices by the NGX did not affect NGX Banking, NGX Oil & Gas, NGX Pension, NGX Lotus Islamic, Corporate Governance, and NGX Pension Broad indices.
In the Afrinvest Dividend Yield Index, Access Holdings Plc, FCMB Group Plc, and Julius Berger Nigeria Plc were added just as in Meristem Growth Index, Wema Bank Plc, Chemical and Allied Products Plc, Guaranty Trust Holding Company Plc, Fidelity Bank Plc, Transnational Corporation Plc, United Bank for Africa Plc, Unilever Nigeria Plc, and Guinness Nigeria Plc were included.
Also, United Bank for Africa Plc, Unilever Nigeria Plc, Guinness Nigeria Plc, and Julius Berger Nigeria Plc were added to the Meristem Value Index in the latest revision by the NGX.
