…as NGX reviews H1 market indices

The Nigerian Exchange Limited (NGX) has concluded its semi-annual market indices review for the first half (H1) of the year, triggering notable shifts within its flagship index.

Heavyweights Oando Plc and Transnational Corporation Plc (Transcorp) have officially exited the prestigious NGX 30 index. Making their way into the elite group of the market’s most capitalised and liquid stocks are consumer goods giants NASCON Allied Industries Plc and Unilever Nigeria Plc, reflecting changing momentum and sector rebalancing within the local bourse.

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The review covers the NGX 30 Index, NGX Lotus Islamic Index, NGX Pension Index, NGX Pension Broad Index, Corporate Governance Index, Afrinvest Bank Value Index, Afrinvest Dividend Yield Index, Meristem Growth Index, Meristem Value Index, as well as NGX’s sectoral indices comprising the NGX Banking, NGX Insurance, NGX Industrial, NGX Consumer Goods and NGX Oil & Gas Indices. The changes reflect the application of the Exchange’s prescribed index methodology and periodic rebalancing process.

The updated constituent changes took effect at the opening of trading on Tuesday, 1 July 2025, with new companies admitted into selected indices and others removed following the review process. The semi-annual review reinforces NGX’s commitment to maintaining transparent, investable and representative benchmarks that accurately reflect prevailing market conditions. The indices serve as important tools for investors, asset managers and other market participants in tracking performance, evaluating investment opportunities and benchmarking portfolio returns.

Designed using the market capitalisation methodology, NGX indices are reviewed semi-annually on the first business day of January and July to ensure they remain aligned with evolving market dynamics and international best practices. The Exchange also reserves the right to make further adjustments where necessary in the event of mergers, acquisitions, trading suspensions, resumptions or other corporate actions prior to the effective date of an index review.

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By Iheanyi Nwachukwu • June 30, 2026

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

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