The Nigerian Exchange Limited (NGX) has announced the results of its full-year market index review for several indices, including the NGX 30, NGX Lotus Islamic, and sectoral indices.
The review led to the entry and exit of some companies from several indices, effective July 1, 2025.
The NGX 30 Index saw the exit of Conoil and Julius Berger Nigeria Plc, while Aradel Holdings Plc and Wema Bank made their entry into the group.
This change reflects the dynamic nature of the market and ensures that the index remains representative of the market’s performance.
The NGX Consumer Goods Index saw the entry of McNichols Consolidated Plc, while Golden Guinea Breweries Plc exited the index.
There were no changes to the NGX Banking Index, NGX Oil and Gas Index, NGX Pension Index, and other indices.
The NGX CEO, Jude Chiemeka, reiterated the Exchange’s commitment to innovation and product development that deepens the market and boosts liquidity.
The Head of Trading & Products, Abimbola Babalola, emphasized that the NGX indices are designed to allow investors to efficiently track market movements and manage investment portfolios.
The NGX indices are rebalanced semi-annually, on the first business day in January and July, using the market capitalization methodology.
This ensures that the indices remain representative of the market’s performance and provide investors with a reliable benchmark.
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