Most of the existing companies have delisted from the
Exchange.
Take for instance, PZ Cussons Nigeria in 2023 announced
delisting from the Exchange as its parent company PZ Cussons (Holdings) Limited
offers to buyout minority shareholders at an offer price of N21 per share.
Also, Glaxo Smithkline Consumer Nig. Plc, and Union Bank
Nigeria Plc existed from Afrinvest Div Yield Index, NGX Banking Index,
respectively.
The Exchange announcing the results of its half year market
index review also disclosed that Universal Insurance Company plc replaced
International Energy Insurance Plc on its NGX Insurance Index.
MTN Nigeria communications plc, Vitafoam Nigeria plc,
Stanbic IBTC holdings plc NPF microfinance bank plc are the new entry into the
Afrinvest Div Yield Index, while Dangote sugar refinery plc, FCMB Group plc,
Cutix plc and Glaxo Smithkline Consumer Nig. Plc are the newly exited
companies.
According to the Exchange, “the 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. NGX indices are
developed to allow investors efficiently track market movements and properly
manage investment portfolios.
“NGX 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.”
The report revealed that FBN Holdings plc, FCMB Group plc,
Guaranty Trust Holding company plc and Stanbic IBTC Holdings plc are the new
entry into the NGX Banking Index as Jaiz Bank, Union Bank Nigeria Plc, Unity
Bank and Wema Bank exited the index.
Access, Fidelity Bank Plc, UBA, UCAP,
Lafarge Wapco and Zenith Bank Plc, are the incoming companies in the
Meristem Growth Index and the likes of CAP, Julius Berger Plc, Presco Plc, PZ Cusson Nigeria and Vitafoam
are the exiting companies.
0 comments:
Post a Comment