The review
has led to the entry and exit of some companies from several indices effective
Thursday, 1 July 2021. Below are the incoming and exiting companies in the
various indices:
| Indices Title | Incoming | Exiting |
| NGX 30 Index | · United Capital Plc | · 11 Plc (delisted) |
| 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 | · None | · 11 Plc (delisted) |
| NGX Pension Index | · Vitafoam Nig. Plc | · 11 Plc (delisted) |
| NGX Lotus Islamic Index
| · Presco Plc · Nigerian Aviation Handling Company Plc | · Chemical and Allied Paints Plc · Cadbury Nigeria Plc |
| Corporate Governance Index | · None | · None |
| Afrinvest Bank Value Index | · Fidelity Bank Plc · FCMB Plc | · United Bank for Africa Plc. |
| Afrinvest Div Yield Index | · Dangote Cement Plc. | · Africa Prudential Plc · Vitafoam Plc |
| Meristem Growth Index | · Aiico Insurance Plc · Jaiz Bank Plc · Presco Plc · PZ Cussons Nigeria Plc | · Africa Prudential Plc · Ardova Plc · Dangote Cement Plc · Glaxo Smithkline Consumer Nig. Plc |
| Meristem Value Index | · Ardova Plc · Custodian Investment Plc · Unilever Nigeria Plc | · Conoil Plc · Presco Plc · Wema Bank Plc · Nascon Allied Industries Plc |
It would be recalled that NGX recently announced the
rebranding of its indices in line with NGX’s drive to standardise and ensure
consistent expression of the brand across touchpoints. All indices were
rebranded with a pre-fix, NGX – formerly NSE – to promote brand awareness and
recognition. The exercise did not, however, affect the computation methodology
of the indices, it was added.
The Nigerian bourse began publishing the NGX 30 Index in
February 2009 with index values available from January 1, 2007. On July 1,
2008, the NGX developed five sectoral indices with a base value of 1,000
points, designed to provide investable benchmarks to capture the performance of
specific sectors. The sectoral indices comprise the top fifteen most
capitalized and liquid companies in the Insurance and Consumer Goods sectors;
the top ten most capitalized and liquid companies in the Banking and Industrial
Goods sector; and the top seven most capitalized and liquid companies in the
Oil & Gas sector.
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