Stock Market
List of Incoming and Exiting Companies From Nigerian Indices
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 |
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NSE 30 index |
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| NSE Consumer Goods Index |
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| NSE Banking Index |
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| NSE Insurance Index |
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| NSE Industrial Index |
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| NSE Oil & Gas Index |
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| NSE Pension Index |
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| NSE Lotus Islamic Index
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| Corporate Governance Index |
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| Afrinvest Banking Value Index |
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| Afrinvest High Dividend Yield Index |
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| Meristem Growth Index |
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| Meristem Value Index |
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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.”