The Nigerian Exchange Limited (NGX) has announced significant changes to its benchmark NGX 30 Index following its semi-annual rebalancing, which took effect at the market opening on July 1, 2025. Conoil Plc and Julius Berger Nigeria Plc have been removed from the NGX 30 Index, a key benchmark that tracks the 30 most capitalized and liquid companies listed on the Exchange.
The exit of Conoil and Julius Berger was determined by market capitalization criteria. Their places in the index have been filled by Aradel Holdings Plc and Wema Bank Plc, maintaining the total number of constituents at 30. These adjustments reflect the dynamic nature of the capital market and the relative performance of listed companies during the review period.
Beyond the NGX 30, the Exchange also made several changes across its sectoral and thematic indices as part of its half-year review. For instance, in the NGX Consumer Goods Index, McNichols Consolidated Plc replaced Golden Guinea Breweries Plc. The NGX Insurance Index saw LASACO Assurance Plc added, replacing Fortis Global Insurance Plc and International Energy Insurance Plc. Similarly, Austin Laz & Company Plc entered the NGX Industrial Index, while Notore Chemical Industries Plc exited.
Other adjustments included:
- Afrinvest Dividend Yield Index: Access Holdings Plc, FCMB Group Plc, and Julius Berger were added.
- Meristem Growth Index: Wema Bank Plc, Chemical and Allied Products Plc, and Guaranty Trust Holding Company Plc joined, with Fidelity Bank Plc, Transnational Corporation Plc, United Bank for Africa Plc, Unilever Nigeria Plc, and Guinness Nigeria Plc being removed.
- Meristem Value Index: United Bank for Africa Plc, Unilever Nigeria Plc, and Guinness Nigeria Plc were added, while Julius Berger Nigeria Plc exited.
The NGX reviews and adjusts these indices every six months, in January and July, to ensure they accurately reflect market realities and provide credible benchmarks for investors.
