ACCESS, GUARANTY Are Incoming as NSE Reveals Results of Full Year 2020 Market Indices Review

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Sunday, January 03, 2021 05:57 AM / by NSE/ Header Image Credit: EcoGraphics


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The Nigerian Stock Exchange (NSE), the premier sustainable exchange servicing Africa's largest economy, has announced the results of its annual full year market index review for the following indices - the NSE 30, NSE Lotus Islamic, NSE Pension, 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.

 

The review has led to the entry and exit of major companies from several indices which will take effect when the market opens on Monday, January 4, 2021.

 

Below are the incoming and exiting companies in the various indices:

 

Indices Title

Incoming

Exiting

 

 

 

 

NSE 30 Index

Transnational Corporation of Nigeria Plc

Julius Berger Nig. Plc

 

 

 

NSE Consumer Goods Index

    None

None

 

 

 

NSE Banking Index

None

None

 

 

 

NSE Insurance Index

  • Veritas Kapital Ass. Plc
  • African Alliance Insurance Plc

Niger Insurance Plc

 

 

 

NSE Industrial Index

     None

None

 

 

 

NSE Oil & Gas Index

Eterna Plc

MRS Oil Nigeria Plc

 

 

 

NSE Pension Index

None

None

 

 

 

NSE Lotus Islamic Index

 

None

PZ Cussons Nigeria Plc

 

 

 

Corporate Governance Index

None

None

 

 

 

Afrinvest Bank Value Index

None

None

 

 

 

Afrinvest Div Yield Index

None

  • Dangote Sugar Plc
  • FCMB Group Plc
  • United Capital Plc
  • Africa Prudential Plc
  • Aiico Insurance Plc

 

 

 

Meristem Growth Index

  • Access Bank Plc
  • Cadbury Nigeria Plc
  • Guaranty Trust Bank Plc
  • Julius Berger Nig. Plc
  • BUA Cement Plc
  • Glaxo Smithkline Consumer Nig. Plc
  • Okomu Oil Plc
  • Wema Bank Plc

 

 

 

Meristem Value Index

  • Dangote Sugar Plc
  • Total Plc
  • Cadbury Nigeria Plc
  • Dangote Cement Plc
  • Fidelity Bank Plc
  • UACN Property Development Company Plc

 

 

 

 

 

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.

 

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 five sectoral indices with a base value of 1,000 points, designed to provide investable benchmarks to capture the performance of specific sectors. The sectoral indices comprise the top fifteen most capitalized and liquid companies in the Insurance and Consumer Goods sectors; the top ten most capitalized and liquid companies in the Banking and Industrial Goods sector; and the top seven most capitalized and liquid companies in the Oil & Gas sector. 

 

In July 2012, the Nigerian bourse launched The NSE Lotus Islamic Index (NSE LII) which consists of companies whose business practices are in conformity with Shari'ah Investment Principles, with the aim of increasing the breadth of the market and creating an important benchmark for investments as the alternative ethical and noninterest investment space widened. The companies that appear on the Islamic Index have been thoroughly screened by Lotus Capital Halal Investment, in accordance with a methodology approved by an internationally recognized Shari'ah Advisory Board comprising of renowned Islamic scholars. 


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Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

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