Aradel Holdings Plc and Wema Bank Plc have been added to the NGX 30 Index, replacing Conoil Plc and Julius Berger Nigeria Plc, following the Nigerian Exchange Limited’s (NGX) half-year market index review.
The NGX on Tuesday released the outcome of its comprehensive H1 2025 index review, which covered key indices such as the NGX 30, NGX Lotus Islamic, NGX Pension, NGX Pension Broad Index, Corporate Governance Index, and Afrinvest Bank Value Index. Additional indices reviewed included the Afrinvest Dividend Yield Index, Meristem Growth Index, Meristem Value Index, and the five sector-specific indices: NGX Banking, NGX Insurance, NGX Industrial, NGX Consumer Goods, and NGX Oil & Gas.
These indices, based on market capitalization methodology, are rebalanced twice a year — in January and July — to reflect evolving market dynamics. The latest changes took effect at the opening of trading on Tuesday, July 1, 2025.
Key highlights of the index adjustments include:
- NGX Consumer Goods Index: McNichols Consolidated Plc replaces Golden Guinea Breweries Plc.
- NGX Insurance Index: LASACO Assurance Plc joins the index, while Fortis Global Insurance Plc and International Energy Insurance Plc are removed.
- NGX Industrial Index: Austin Laz & Company Plc is added, with Notore Chemical Industries Plc exiting.
- Afrinvest Dividend Yield Index: Access Holdings Plc, FCMB Group Plc, and Julius Berger Nigeria Plc are new entrants.
- Meristem Growth Index: Wema Bank Plc, Chemical and Allied Products Plc, and Guaranty Trust Holding Company Plc join, while Fidelity Bank Plc, Transnational Corporation Plc, United Bank for Africa Plc, Unilever Nigeria Plc, and Guinness Nigeria Plc exit.
- Meristem Value Index: Julius Berger Nigeria Plc exits, while United Bank for Africa Plc, Unilever Nigeria Plc, and Guinness Nigeria Plc are added.
Commenting on the development, NGX CEO Jude Chiemeka reiterated the Exchange’s commitment to innovation and market development. “NGX continues to blaze the trail in building Africa’s leading securities exchange by introducing products and frameworks that enhance market depth, liquidity, and global integration,” he said.
Abimbola Babalola, NGX’s Head of Trading & Products, highlighted the importance of regular index reviews. “Our indices are meticulously developed, managed, and rebalanced semi-annually to help investors effectively monitor market trends and optimize portfolio performance,” he noted.
