By Peter Omopo
Lagos, July 1, 2025 — The Nigerian Exchange Limited (NGX) has announced major changes to its key stock market indices following its half-year review, including a reshuffling of the NGX 30 Index, which tracks the performance of the top 30 most capitalised and liquid stocks on the Exchange.
In a statement issued on Tuesday, the Exchange said the review was based on its market capitalisation methodology, with the new changes taking effect at market open on July 1.
In the latest revision, Aradel Holdings Plc and Wema Bank Plc were added to the prestigious NGX 30 Index, replacing Conoil Plc and Julius Berger Nigeria Plc, who have been removed from the list.
“The rebalancing reflects the dynamic nature of the capital market and the relative performance of listed companies during the review period,” the NGX stated.
Beyond the NGX 30, several other indices were also impacted:
- NGX Consumer Goods Index: McNichols Consolidated Plc was added, while Golden Guinea Breweries Plc exited.
- NGX Insurance Index: LASACO Assurance Plc joined, replacing Fortis Global Insurance Plc and International Energy Insurance Plc.
- NGX Industrial Index: Austin Laz & Company Plc was added, replacing Notore Chemical Industries Plc.
- Afrinvest Dividend Yield Index: Access Holdings Plc, FCMB Group Plc, and Julius Berger Nigeria Plc were included.
- Meristem Growth Index: Wema Bank Plc, Chemical and Allied Products Plc, and Guaranty Trust Holding Company Plc joined, while Fidelity Bank Plc, Transnational Corporation Plc, United Bank for Africa Plc, Unilever Nigeria Plc, and Guinness Nigeria Plc were removed.
- Meristem Value Index: United Bank for Africa Plc, Unilever Nigeria Plc, and Guinness Nigeria Plc were added, while Julius Berger Nigeria Plc exited.
The NGX noted that these adjustments are part of its regular biannual review to ensure its indices accurately reflect market realities and offer credible benchmarks to investors.
