Stock Market

List of Incoming and Exiting Companies From Nigerian Indices

Published

4 years ago

July 1, 2020

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.”