The Nigerian Exchange Limited (NGX) has concluded its midyear review of market indices, resulting in the inclusion and removal of several companies across major benchmark indices. The changes took effect at the opening of trading on Tuesday, July 1, 2025.
In a statement released by the Exchange, the affected indices include the NGX 30, NGX Lotus Islamic, NGX Pension, NGX Pension Broad, Corporate Governance Index, Afrinvest Bank Value Index, Afrinvest Dividend Yield Index, Meristem Growth Index, Meristem Value Index, as well as the sectoral indices for Banking, Insurance, Industrial, Consumer Goods, and Oil & Gas.
Key Changes:
- NGX 30 Index: Aradel Holdings Plc and Wema Bank Plc joined the index, replacing Conoil Plc and Julius Berger Nigeria Plc.
- NGX Consumer Goods Index: McNichols Consolidated Plc was added, while Golden Guinea Breweries Plc exited.
- NGX Insurance Index: LASACO Assurance Plc entered, replacing Fortis Global Insurance Plc and International Energy Insurance Plc.
- NGX Industrial Index: Austin Laz & Company Plc was added, while Notore Chemical Industries Plc was removed.
No changes were recorded in the NGX Banking, NGX Oil & Gas, NGX Pension, NGX Lotus Islamic, Corporate Governance, and NGX Pension Broad indices.
Other Indices Adjusted:
- Afrinvest Dividend Yield Index: Access Holdings Plc, FCMB Group Plc, and Julius Berger Nigeria Plc were added.
- Meristem Growth Index: New entrants included Wema Bank Plc, Chemical and Allied Products Plc, Guaranty Trust Holding Company Plc, Fidelity Bank Plc, Transnational Corporation Plc, United Bank for Africa Plc, Unilever Nigeria Plc, and Guinness Nigeria Plc.
- Meristem Value Index: United Bank for Africa Plc, Unilever Nigeria Plc, Guinness Nigeria Plc, and Julius Berger Nigeria Plc were included.
The NGX emphasized that these periodic reviews are based on market capitalization and performance, aimed at ensuring the indices remain reflective of the evolving market landscape.
