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List of Incoming and Exiting Companies From Nigerian Indices

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Nigerian stock market

Incoming and Exiting Companies Listed Companies

The Nigerian Stock Exchange (NSE) on Tuesday reviewed the incoming and exiting companies for its indices for the first half of the year.

According to the Exchange, the review comprises of the following indices “the NSE 30 Index, NSE Lotus Islamic Index, NSE Pension Index, Corporate Governance Index, Afrinvest Bank Value Index, Afrinvest Dividend Yield Index, Meristem Growth Index, Meristem Value Index; and the five Sectoral Indices of The Exchange – NSE Banking, NSE Insurance, NSE Industrial, NSE Consumer Goods, and NSE Oil & Gas.”

It added that “the review has led to the entry and exit of some companies from some indices which will take effect when the market opens on Wednesday, July 1, 2020.”

Listed below are the incoming and exiting companies in the various indices.

Index​​ Incoming ​Exiting​
 

NSE 30 index

  • JULIUS BERGER PLC
  • TRANSNATIONAL CORP. NIGERIA PLC
NSE Consumer Goods Index
  • NONE
  • NONE
NSE Banking Index
  • NONE
  • NONE
NSE Insurance Index
  • NONE
  • NONE
NSE Industrial Index
  • NOTORE CHEMICAL IND. PLC.
  • PREMIER PAINTS PLC
NSE Oil & Gas Index
  • NONE
  • NONE
NSE Pension Index
  • NONE
  • NONE
NSE Lotus Islamic Index

 

  • LAFARGE AFRICA PLC
  • CHEMICAL AND ALLIED PRODUCT PLC
  • 11 PLC (MOBIL)
  • NIGERIAN AVIATION HANDLING COMPANY PLC.
Corporate Governance Index
  • JULIUS BERGER NIGERIA PLC
  • MTN NIGERIA PLC
  • NEM INSURANCE PLC
  • NPF MICROFINANCE BANK PLC
  • ROYAL EXCHANGE NIGERIA PLC
  • SUNU ASSURANCES NIG. PLC
  • NONE
Afrinvest Banking Value Index
  • NONE
  • NONE
Afrinvest High Dividend Yield Index
  • NONE
  • NONE
Meristem Growth Index
  • GT BANK PLC
  • JULIUS BERGER PLC
  • BUA CEMENT PLC
  • CUSTODIAN INSURANCE PLC
  • NAHCO PLC
  • WEMA BANK PLC
Meristem Value Index
  • DANGOTE SUGAR REFINERY PLC
  • BERGER PAINTS PLC
  • DANGOTE CEMENT PLC
  • ETERNA OIL PLC
  • ETI PLC
  • WAPIC INSURANCE PLC

The bourse added that “The indices were developed to allow investors to follow market movements and properly manage investment portfolios. Designed using the market capitalization methodology, the indices are rebalanced on a semi-annual basis on the first business day in January and in July.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Stock Market

Guaranty Trust Bank, Flour Mills Led Losers as Stock Market Sheds 0.25%

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stock bear

Guaranty Trust Bank led losers on Thursday despite investors exchanging 289.394 million shares valued at N7.348 billion in 4,877 deals.

The market capitalisation of listed equities depreciated to N18.277 trillion on Thursday while the NSE All-Share Index declined by 0.25 percent to 34,968.94 index points.

United Bank for Africa led the most traded stocks with 34,452,379 shares estimated at N283,444,025.15.

This was followed by Zenith Bank’s 31,201,182 shares valued at N743,575,194.70. MTN Nigeria, Access Bank and Mbenefit did 27,412,485, 22,957,947 and 22,490,334 worth N4,379,326,719.70, N196,038,901.15 and N5,063,096.82, respectively.

Guaranty Trust Bank led losers with a 50 kobo decline or 1.46 percent to close at N33.6 per share. See the details below.

Top Losers

Symbols Last Close Current Change %Change
GUARANTY N34.1 N33.6 -0.5 -1.47%
FLOURMILL N27 N26.5 -0.5 -1.85%
CADBURY N9.2 N8.7 -0.5 -5.43%
UBA N8.65 N8.2 -0.45 -5.20%
ZENITHBANK N24 N23.55 -0.45 -1.88%

Top Gainers

Symbols Last Close Current Change %Change
MTNN N155 N156.2 1.2 0.77%
ARDOVA N13 N14 1 7.69%
REDSTAREX N3.25 N3.38 0.13 4.00%
CUTIX N1.8 N1.9 0.1 5.56%
UPL N1.41 N1.47 0.06 4.26%

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Stock Market

Stock Market Extends Bullish Run in December, Opens the Month With 0.30% Gain

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stock bull

Nigerian stock investors continued to dump more funds on Nigerian equities in December as the Nigerian Stock Exchange opened the month on a positive strong note.

The NSE All-Share Index gained 0.30 percent to settle at 35,147.62 index points while the market capitalisation rose by N56 billion from N18.309 trillion recorded on Monday to settle at N18.365 trillion on Tuesday.

Investors traded 308.181 million shares valued at N3.403 billion in 35,147.62 index points during the trading hours of Tuesday.

Access Bank led the most traded stock 43,368,357 shares worth N376,476,921.75. While First Bank followed with 31,934,748 shares valued at N229,789,381.55. See the details below.

Top Trades

Symbols Volume Value
ACCESS 43,368,357 N376,476,921.75
FBNH 31,934,748 N229,789,381.55
MBENEFIT 24,434,500 N5,155,841.00
UBA 24,092,641 N200,213,240.15
GUARANTY 24,056,718 N859,153,111.15

Top Gainers

Symbols Last Close Current Change %Change
GUARANTY N33.2 N35 1.8 5.42%
SEPLAT N400.7 N402.3 1.6 0.40%
ZENITHBANK N24 N24.4 0.4 1.67%
CAVERTON N1.72 N1.89 0.17 9.88%
CUTIX N1.53 N1.68 0.15 9.80%

Top Losers

Symbols Last Close Current Change %Change
GUINNESS N18.9 N18.35 -0.55 -2.91%
FLOURMILL N27.85 N27.6 -0.25 -0.90%
MTNN N155.2 N155 -0.2 -0.13%
FCMB N3.33 N3.21 -0.12 -3.60%
UBA N8.3 N8.2 -0.1 -1.20%

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Stock Market

Insider Dealing: MD of Fidelity Bank Acquires 5 Million Shares of Fidelity

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Nneka Onyeali-Ikpe

Mrs. Nneka Onyeali-Ikpe, the Managing Director and Chief Executive Officer (CEO) Designate, Fidelity Bank Plc, purchased 5,000,000 shares of Fidelity Bank on Monday, November 30, 2020.

The management disclosed this in a statement forwarded to the Nigerian Stock Exchange (NSE).

Onyeali-Ikpe purchased the shares in five different transactions, according to the statement signed by Ezinwa Unuigboje, the Company Secretary, Fidelity Bank Plc.

It said 260,190 shares were acquired at N2.52 per share. While 400,000; 130,000; 2,870,000 and 1,339,810 shares were purchased at N2.55; N2.58; N2.60 and N2.56, respectively.

Aggregate information revealed the 5,000,000 shares were acquired at an average price of N2.56 per share. See the details below.

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