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NGX Reveals Results Of Market Indices Review

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NGX Reveals Results Of Market Indices Review

Olushola Okunlade Writes

NGX Reveals Results of Review on Market Indices

Nigerian Exchange Limited (NGX), has announced the results of its full year market index review for the following indices – the NGX 30, NGX Lotus Islamic, NGX 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 – NGX Banking, NGX Insurance, NGX Industrial, NGX Consumer Goods and NGX Oil & Gas.

The review has led to the entry and exit of some companies from several indices which took effect when the market opened on Tuesday, January 4, 2022.

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

Indices TitleIncomingExiting
  NGX 30 IndexOando PlcNascon Allied Industries Plc
   
NGX Consumer Goods IndexNoneNone
   
NGX Banking IndexNoneNone
   
NGX Insurance IndexNoneNone
   
NGX Industrial IndexTripple Gee and Company PlcNone
   
NGX Oil & Gas IndexNoneNone
   
NGX Pension IndexNoneNone
   
NGX Lotus Islamic Index  NoneArdova Plc, Unilever Nigeria Plc
   
Corporate Governance IndexNoneNone
   
Afrinvest Bank Value IndexUnited Bank for Africa Plc.FCMB Plc
   
Afrinvest Div Yield IndexGuinness Nig. Plc, Vitafoam Nig. Plc Tripple Gee and Company PlcAIICO Insurance Plc, Conoil Plc,       Dangote Sugar Refinery Plc, Fidelity Bank Plc, United Capital Plc
   
Meristem Growth IndexDangote Cement Plc, Glaxo Smithkline Consumer Nig. Plc, Guinness Nig. Plc, Livestock Feeds Plc Total Energies Marketing Nigeria PlcNestle Plc, Stanbic IBTC Holdings Plc
   
Meristem Value IndexCadbury Nigeria Plc Eterna Plc ·       Nascon Allied Industries Plc       Sterling Bank Plc. Lafarge Africa PlcArdova Plc, Cap Plc, Custodian Investment Plc, FBN Holdings Plc, Honeywell Flour Mill Plc, United Capital Plc, Unilever Nigeria 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 re-balanced on a semi-annual basis on the first business day in January and in July.

The Nigerian bourse began publishing the NGX 30 Index in February 2009 with index values available from January 1, 2007. On July 1, 2008, the NGX 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 NGX Lotus Islamic Index (NGX 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. 

What To Know About NGX

The Nigerian Exchange Limited services the largest economy in Africa, and is championing the development of Africa’s financial markets. The Exchange offers listing and trading services, licensing services, market data solutions, ancillary technology services, and more. The Nigerian Exchange Limited continues to evolve to meet the needs of its valued customers, and to achieve the highest level of competitiveness. It is an open, professional and vibrant exchange, and the Entrepreneurial Growth hub of Africa. The Nigerian Exchange Limited aspires to be Africa’s foremost securities exchange, connecting Nigeria, Africa and the world.

The compiler of the indices maintains the right to modify the circulated selection above in connection with any mergers, takeovers, suspension or resumption of trading or any other company structure changes during the period before the effective date of the annual review.

NGX, Greenwich Securities, Africa Prudential Collaborate on Retail Investor Workshop

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NGX, GRI, PRI Set To Host Webinar On Responsible Investing

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NGX Holds Webinar On Empowering Responsible Investing Through Data Metrics And ESG Integration

Olushola Okunlade Writes

Nigerian Exchange Limited (NGX), in collaboration with Global Reporting Initiative (GRI) Africa and Principles for Responsible Investment (PRI) is set to host a webinar on the role of ESG metrics and data in enabling responsible investing, on Wednesday, 29 June 2022, at 11:00 am (WAT).

The webinar themed, “Empowering Responsible Investing through Data Metrics and Environmental, Social and Governance (ESG) Integration”, is aimed at investors, companies, market regulators, and practitioners interested in understanding ESG metrics/data required by investors to make sound investment decisions. 

The interested participant can register for the free webinar on https://bit.ly/ngx_erid

Speaking about the event, the Divisional Head, Business Support Services, NGX, Irene Robison-Ayanwale, noted that; “The increase in sustainable and responsible investment has put ESG metrics higher up on the list of performance considerations, as many investors now prefer to use their money to create change in the world. Investors increasingly rely on a wide range of ESG data when deciding where to invest their money. The webinar which is in line with the Exchange’s commitment to foster the growth of long-term sustainable finance in the Nigerian capital market will drive conversations on how decision-useful ESG data plays a key role in investment decisions”. 

Confirmed speakers at the webinar include Temi Popoola, CEO, Nigerian Exchange Limited; Chinua Azubike, CEO, InfraCredit; Dave Reubzaet, Director, Capital Markets, GRI; Darron Scorgie, Head of Africa, Signatory Relations, PRI; Temilade Aduroja, Head of Investor Relations, Dangote Cement Plc, Jude Chiemeka, Divisional Head, Capital Markets, Nigerian Exchange Limited and Nicole Martens, Senior Stewardship Professional, Old Mutual Investment.

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NGX Holds Webinar On Empowering Responsible Investing Through Data Metrics And ESG Integration

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NGX Holds Webinar On Empowering Responsible Investing Through Data Metrics And ESG Integration

Olushola Okunlade Writes

Nigerian Exchange Limited (NGX), in partnership with Global Reporting Initiative (GRI) Africa, and Principles for Responsible Investment (PRI), has announced to hold a webinar tagged Empowering Responsible Investing through Data Metrics and ESG Integration’, scheduled to hold on Wednesday, 29th June at 11:00 am-12:30 pm WAT.

As part of the Exchange’s initiatives to foster the growth of long-term sustainable finance, the webinar will drive conversations on how ESG data plays a key role in investment decisions. 

The session will also deepen investors, companies, market regulators, and practitioners’ knowledge in understanding ESG metrics and data in order to make informed choices.  

Register now for free: https://bit.ly/ngx_erid

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NGX CEO, Temi Popoola Reassures Stakeholders Of NGX’s Commitment To Lead Charge In Unlocking Capital For Sustainable Earth

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World Environment Day - Only One Earth

World Environment Day – Only One Earth; June 5th, 2022

Olushola Okunlade Writes

Mr. Temi Popoola, CFA Chief Executive Officer, Nigerian Exchange (NGX) Limited has reassured stakeholders of NGX’s commitment to lead the charge in unlocking capital for sustainable earth on World Environment Day, June 5, 2022.

Popoola said: “We live in a world where the top global risks, in terms of likelihood, are associated with a looming environmental and climate crisis. The impacts of climate change such as warming temperatures, change in precipitation, and an increase in the frequency or intensity of some extreme weather events are expected to have a significant impact on global food value chains.

“Securities exchanges are uniquely positioned at the heart of the financial industry, facilitating the effective and efficient allocation of resources for the purpose of economic growth and development. As the sustainable Exchange championing Africa’s growth, NGX has a unique opportunity to advance sustainable development and combat climate change by fostering the growth of long-term sustainable finance in new ways that reflect the times that are characteristic of the world we live in today. Accordingly, NGX collaborated with Debt Management Office (DMO) and the Federal Ministry of Environment, in developing Africa’s first fully certified green bond, the debut Federal Government Sovereign ₦10.69 billion Green Bond, and the Exchange is positioned to deliver more impact through sustainable finance”.

In his statement, NGX’s CEO said: “As we celebrate World Environment Day today, with the theme “Only One Earth”, I would like to reassure you of NGX’s long-standing commitment to fostering the growth of long-term sustainable finance in Nigeria. I look forward to your unwavering support as we work to build a new normal that would help accelerate the achievement of sustainable development and climate change priorities across Africa and a world where we can live sustainably in harmony with nature.”

Please read my letter reassuring our stakeholders of NGX’s commitment to lead the charge in unlocking capital for a sustainable Earth

Happy World Environment Day!

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