Aradel, Wema replace Conoil, Julius Berger in NGX 30 Index

…as NGX releases results of H1 market indices review

Aradel Holdings Plc and Wema Bank Plc have replaced Conoil Plc and Julius Berger Nigeria Plc in the NGX 30 Index as the Nigerian Exchange Limited (NGX) reveals the results of its half-year (H1) review of market indices.

Nigerian Exchange Limited on Tuesday announced the results of its full year market index review for the following indices – NGX 30; NGX Lotus Islamic; NGX Pension; NGX Pension Broad Index; Corporate Governance Index; and Afrinvest Bank Value Index. Others are: Afrinvest Dividend Yield Index; Meristem Growth Index; Meristem Value Index; and the five Sectoral Indices of The Exchange – NGX Banking, NGX Insurance, NGX Industrial, NGX Consumer Goods and NGX Oil & Gas.

Designed using the market capitalisation methodology, the indices are rebalanced on a semi-annual basis on the first business day in January and in July respectively.

The review led to the entry and exit of some companies from several indices which took effect at the open of the market on Tuesday July 1, 2025.

For the NGX Consumer Goods Index, McNichols Consolidated Plc has replaced Golden Guinea Breweries Plc. LASACO Assurance Plc is the new entrant in the NGX Insurance Index while Fortis Global Insurance Plc and International Energy Insurance Plc have been exited.

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Austin Laz & Company Plc has entered NGX Industrial Index while Notore Chemical Industries Plc has been exited. Access Holdings Plc, FCMB Group Plc, and Julius Berger Nigeria Plc have entered the Afrinvest Div Yield Index. Wema Bank Plc, Chemical and Allied Products Plc, Guaranty Trust Holding Company Plc have entered Meristem Growth Index while Fidelity Bank Plc, Transnational Corporation Plc, United Bank for Africa Plc, Unilever Nigeria Plc, and Guinness Nigeria Plc have been exited.

Julius Berger Nigeria Plc have been exited from Meristem Value Index while United Bank for Africa Plc, Unilever Nigeria Plc, and Guinness Nigeria Plc were added.

Jude Chiemeka, CEO, NGX reiterates that the Exchange continues to blaze the trail on the path to becoming Africa’s foremost securities exchange with innovation and product development that deepen the market and boost liquidity, thus connecting Nigeria, Africa and the world.

Abimbola Babalola, Head, Trading & Products, NGX emphasised that NGX indices are developed, managed and rebalanced semi-annually to allow investors efficiently track market movements and properly manage investment portfolios.