NGX Reveals Results of Full-Year Market Index Review
The Nigerian Exchange Group (NGX) disclosed the outcomes of its Full-Year review of Market Indices, involving adjustments in sector indices like NGX 30 and NGX Consumer Goods. Companies like Guinea Insurance Plc and Mutual Benefit Assurance Plc entered/exited specific indices.
The review aims to enhance market efficiency and investor tracking. Notably, the NGX employs a US market capitalization methodology for index design and rebalances semi-annually.
Key figures involved in the process include Jude Chiemeka, CEO of NGX, and Abimbola Babalola, Head of Trade Product. Iheanyi Nwachukwu, a seasoned content writer, contributed to the article.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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