As a prelude to the year-end review of The NSE 30 Index and other Sectorial Indices, the Index Committee of The Nigerian Stock Exchange has undertaken a pseudo-review of the indices and released the names of the likely incoming and exiting equities. Barring unforeseen circumstances, the composition of the indices will become effective on Wednesday January 2, 2013.
The pseudo review of NSE 30 and Sectorial indices which is done twice yearly in June and December is a run-up to the actual review to be undertaken at respective month ends.
The Committee has recommended that the number of stocks comprising the NSE Consumer Goods Index be increased from 10 to 15; NSE Insurance Index be increased from 10 to 15 while the NSE Oil/Gas Index will have 7 stocks as against the current 5. The NSE 30 Index and the NSE Banking Index retain their 30 stocks and 10 stocks respectively. As the Committee explained, this is to allow for adequate portfolio diversification.
The Nigerian bourse began publishing The NSE 30 Index in February 2009 with index values available from January 1, 2007. On July 1, 2008, the NSE developed four sectorial indices with a base value of 1,000 points, designed to provide investable benchmarks to capture the performance of specific sectors. The sectorial indices comprise of the top most capitalized and liquid companies in the sector.
Head | Media Relations
The Nigerian Stock Exchange
Stock Exchange House | 2-4 Customs Street | Lagos| Nigeria