Kayode Tokede
The Nigerian Change Restricted (NGX) has introduced the result of its full-year 2025 market index evaluation with Guinness Nigeria Plc changing United Capital Plc (UCP) in NGX 30 Index. The NGX 30 index tracks most capitalised and liquid shares on the Change.
The alternative comes amid elevated investor curiosity, improved liquidity, in Guinness’ market worth over the yr. Guinness was additionally the best-performing client items inventory in 2025.
Notably, Guinness Nigeria, Presco Plc, and Wema Financial institution gained inclusion in key indices, highlighting their improved market positions and efficiency through the yr.
These additions got here on the expense of firms corresponding to United Capital Plc, Entry Corp, Worldwide Breweries and Stabic IBTC, which, together with others, had been changed as a part of the periodic rebalancing course of.
The reshuffle displays evolving developments in market capitalization, liquidity, and sector dynamics inside Nigeria’s capital market.
The index modifications mirror shifts in market capitalisation, liquidity, compliance, and sector efficiency, impacting each passive and energetic investor methods in Nigeria’s capital markets.
Amongst sector-specific indices, modifications was that Mutual Advantages Assurance was added within the NGX Insurance coverage Index:, changing Guinea Insurance coverage. Within the NGX Oil & Fuel Index, Japaul Gold & Ventures Plc changed MRS Oil Nigeria. The NGX Pension Index, which incorporates shares eligible underneath Nigeria’s pension funding tips, admitted Wema Financial institution Plc, whereas Worldwide Breweries was eliminated—highlighting shifts in free float, liquidity, and compliance.
Within the NGX Lotus Islamic Index, Presco Plc was added. The index, which tracks Shariah-compliant shares, now displays continued investor choice for agriculture-linked and export-driven companies.
NGX Pension Broad Index: Nigeria Infrastructure Debt Fund added; Regency Alliance and Veritas Kapital exited.
Afrinvest Financial institution Worth Index: Additions included Wema Financial institution, Jaiz Financial institution, Entry Holdings, and Stanbic IBTC, reflecting renewed momentum amongst tier-one and mid-tier banks.
Afrinvest Dividend Yield Index welcomed Dangote Cement, Okomu Oil, Vitafoam, and Conoil, reinforcing dividend-paying shares as favourites amid excessive rates of interest.
Meristem Progress Index: BUA Cement, Lafarge Africa, AXA Mansard, AIICO, CAP, Conoil, and United Capital had been added, showcasing robust earnings progress momentum.
Meristem Worth Index noticed entries like ETI, Julius Berger, and NEM Insurance coverage, whereas Dangote Sugar, TotalEnergies, and Lafarge Africa had been eliminated.
NGX index evaluations are greater than routine changes—they affect investor decision-making, fund allocation, and inventory visibility.
Passive funding merchandise and institutional portfolios typically mirror these indices, resulting in inflows into newly added shares and outflows from these eliminated.
NGX’s CEO, Mr. Jude Chiemeka in a press release emphasised that the index evaluation aligns with the Change’s aim of deepening liquidity and boosting investor confidence by means of product innovation.
Additionally, Head of Buying and selling and Merchandise, NGX, Mr. Abimbola Babalola famous that the rebalancing ensures environment friendly market monitoring and portfolio alignment. The NGX Restricted evaluations and updates the listing of firms that make up its important inventory market indices yearly.
