The Nigerian Exchange Limited (NGX) has completed its full-year market index review for 2025, encompassing indices such as the NGX 30, NGX Lotus Islamic, NGX Pension, NGX Pension Broad Index, Corporate Governance Index, Afrinvest Bank Value Index, Afrinvest Dividend Yield Index, Meristem Growth Index, Meristem Value Index, and the NGX Sectoral Indices (Banking, Insurance, Industrial, Consumer Goods, and Oil & Gas).
This review, which takes effect semi-annually on the first business day of January and July, resulted in the rebalancing of indices and the inclusion or exclusion of companies based on the market capitalization methodology. Changes took effect at the market opening on January 2, 2025.
Introduction of the NGX Equity-Based Commodity Index
In a groundbreaking move, NGX launched the NGX Equity-Based Commodity Index. This innovative market index captures and tracks the movements of companies engaged primarily in energy, agriculture, mining, metals, and natural resources.
The starting constituents of this index are:
- Geregu Power Plc
- Multiverse Mining and Exploration Plc
- Okomu Oil Palm Plc
- Presco Plc
- Seplat Energy Plc
- Transcorp Power Plc
- Aradel Holdings Plc
The index begins with a starting value of 1,000, providing investors exposure to key sectors driving global economic activity.
Jude Chiemeka, CEO of NGX, highlighted the Exchange’s commitment to innovation and product development, stating:
“NGX continues to blaze the path to becoming Africa’s foremost Securities Exchange, connecting Nigeria, Africa, and the world while deepening market liquidity.”
Abimbola Babalola, Head of Trading & Products, emphasized the semi-annual review process:
“Our indices are developed and managed to enable investors to efficiently track market movements and manage their portfolios effectively.”
NGX retains the right to adjust the circulated selections in response to mergers, takeovers, trading suspensions, or structural changes affecting listed companies before the effective date of the review.
This strategic move by NGX underscores its role in bolstering investment opportunities, enabling robust market tracking, and fostering transparency in portfolio management for investors at local and global levels.
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