NGX Launches Midyear Shake-Up of Market Indices — New Companies Join the Big Leagues
In a bold move aimed at realigning its benchmark indices with market realities, the Nigerian Exchange Limited (NGX) has announced a major midyear overhaul of its key market indices. The changes, which took effect Tuesday, July 1, 2025, include additions and exclusions across multiple broad and sector-specific indices.
Why This Matters
Market indices serve as key benchmarks for fund managers, institutional investors, and analysts. This midyear review ensures that only the most actively traded and fundamentally sound companies represent the Nigerian capital market.
Who’s In? The New Entrants Across Major Indices
NGX 30 Index – Welcomes:
• Aradel Holdings Plc
• Wema Bank Plc
• Conoil Plc
• Julius Berger Nigeria Plc
NGX Consumer Goods Index – Gains:
• McNichols Consolidated Plc
• Golden Guinea Breweries Plc
NGX Insurance Index – Adds:
• LASACO Assurance Plc
• Fortis Global Insurance Plc
• International Energy Insurance Plc
NGX Industrial Index – Introduces:
• Austin Laz & Company Plc
• Notore Chemical Industries Plc
Afrinvest Dividend Yield Index – Now Includes:
• Access Holdings Plc
• FCMB Group Plc
• Julius Berger Nigeria Plc
Meristem Growth Index – New Additions:
• Wema Bank Plc
• Chemical and Allied Products Plc (CAP)
• GTCO Plc
• Fidelity Bank Plc
• Transcorp Plc
• UBA Plc
• Unilever Nigeria Plc
• Guinness Nigeria Plc
Meristem Value Index – Expanded to include:
• UBA Plc
• Unilever Nigeria Plc
• Guinness Nigeria Plc
• Julius Berger Nigeria Plc
⚠️ Who’s Out or Unchanged?
No changes were made to:
• NGX Banking Index
• NGX Oil & Gas Index
• NGX Pension Index
• NGX Lotus Islamic Index
• Corporate Governance Index
• NGX Pension Broad Index
Why Should Investors Care?
This index rebalancing reflects changing market dynamics, improved performances by new entrants, and ongoing efforts by the NGX to maintain transparency and accuracy in representing Nigeria’s most active and investible companies.
For retail and institutional investors, these adjustments could influence:
• ETF and index fund holdings
• Portfolio performance
• Market sentiment and sector outlooks
Overall, this reshuffling reaffirms the NGX’s commitment to evolving with market fundamentals, spotlighting rising stars, and keeping Nigeria’s capital market aligned with global best practices.
In a bold move aimed at realigning its benchmark indices with market realities, the Nigerian Exchange Limited (NGX) has announced a major midyear overhaul of its key market indices. The changes, which took effect Tuesday, July 1, 2025, include additions and exclusions across multiple broad and sector-specific indices.
Why This Matters
Market indices serve as key benchmarks for fund managers, institutional investors, and analysts. This midyear review ensures that only the most actively traded and fundamentally sound companies represent the Nigerian capital market.
Who’s In? The New Entrants Across Major Indices
NGX 30 Index – Welcomes:
• Aradel Holdings Plc
• Wema Bank Plc
• Conoil Plc
• Julius Berger Nigeria Plc
NGX Consumer Goods Index – Gains:
• McNichols Consolidated Plc
• Golden Guinea Breweries Plc
NGX Insurance Index – Adds:
• LASACO Assurance Plc
• Fortis Global Insurance Plc
• International Energy Insurance Plc
NGX Industrial Index – Introduces:
• Austin Laz & Company Plc
• Notore Chemical Industries Plc
Afrinvest Dividend Yield Index – Now Includes:
• Access Holdings Plc
• FCMB Group Plc
• Julius Berger Nigeria Plc
Meristem Growth Index – New Additions:
• Wema Bank Plc
• Chemical and Allied Products Plc (CAP)
• GTCO Plc
• Fidelity Bank Plc
• Transcorp Plc
• UBA Plc
• Unilever Nigeria Plc
• Guinness Nigeria Plc
Meristem Value Index – Expanded to include:
• UBA Plc
• Unilever Nigeria Plc
• Guinness Nigeria Plc
• Julius Berger Nigeria Plc
⚠️ Who’s Out or Unchanged?
No changes were made to:
• NGX Banking Index
• NGX Oil & Gas Index
• NGX Pension Index
• NGX Lotus Islamic Index
• Corporate Governance Index
• NGX Pension Broad Index
Why Should Investors Care?
This index rebalancing reflects changing market dynamics, improved performances by new entrants, and ongoing efforts by the NGX to maintain transparency and accuracy in representing Nigeria’s most active and investible companies.
For retail and institutional investors, these adjustments could influence:
• ETF and index fund holdings
• Portfolio performance
• Market sentiment and sector outlooks
Overall, this reshuffling reaffirms the NGX’s commitment to evolving with market fundamentals, spotlighting rising stars, and keeping Nigeria’s capital market aligned with global best practices.