The Nigerian Exchange Limited (NGX) on Tuesday released the results of its half-year (H1) 2025 market index review, bringing key changes to several of its indices, including the NGX 30 Index. The changes, based on market capitalisation, took effect at the opening of trading on July 1, 2025.
Among the most notable changes, Aradel Holdings Plc and Wema Bank Plc were added to the prestigious NGX 30 Index, replacing Conoil Plc and Julius Berger Nigeria Plc.
According to the NGX, the review reflects the evolving nature of the market and the performance of companies over the past six months. “The rebalancing process ensures that our indices remain accurate benchmarks for investors and market participants,” the Exchange stated.
Other Key Index Changes:
- NGX Consumer Goods Index:
- Added: McNichols Consolidated Plc
- Removed: Golden Guinea Breweries Plc
- NGX Insurance Index:
- Added: LASACO Assurance Plc
- Removed: Fortis Global Insurance Plc, International Energy Insurance Plc
- NGX Industrial Index:
- Added: Austin Laz & Company Plc
- Removed: Notore Chemical Industries Plc
- Afrinvest Dividend Yield Index:
- Added: Access Holdings Plc, FCMB Group Plc, Julius Berger Nigeria Plc
- Meristem Growth Index:
- Added: Wema Bank Plc, Chemical and Allied Products Plc, Guaranty Trust Holding Company Plc
- Removed: Fidelity Bank Plc, Transnational Corporation Plc, United Bank for Africa Plc, Unilever Nigeria Plc, Guinness Nigeria Plc
- Meristem Value Index:
- Added: United Bank for Africa Plc, Unilever Nigeria Plc, Guinness Nigeria Plc
- Removed: Julius Berger Nigeria Plc
Meanwhile, no changes were made to the constituents of the NGX Banking, NGX Oil & Gas, NGX Pension, NGX Lotus Islamic, Corporate Governance, and NGX Pension Broad Indices during this review cycle.
NGX Reaffirms Commitment to Market Innovation
NGX CEO, Jude Chiemeka, reaffirmed the Exchange’s dedication to advancing the capital market. “NGX continues to blaze the trail on the path to becoming Africa’s foremost securities exchange through innovation and product development that boost liquidity and connect Nigeria with global markets,” he said.
Echoing this, Abimbola Babalola, Head of Trading & Products at NGX, highlighted the strategic value of the indices: “They are developed, managed, and rebalanced semi-annually to help investors track market movements effectively and manage their portfolios wisely.”
The NGX added that index constituents may still be modified prior to the effective date of each review in cases of mergers, acquisitions, trading suspensions, or other structural changes affecting listed companies.
