Nigerian Exchange Limited (NGX) Rebrands Market Indices

0
MTN, Flour Mills, Others Shave N67bn Off NGX Market Cap
NGX

Nigerian Exchange Limited (NGX) is pleased to announce the rebranding of all its existing indices by changing the prefix from NSE to NGX. The transition, which is effective Monday, 28 June 2021, leverages the new brand identity of the Exchange.

There are currently nineteen (19) indices – either wholly-owned or co-branded – on NGX, servicing the investment management community along the lines of product development, benchmarking.

Below are the changes to the indices nomenclature:

S/NExisting NameNew Name
1NSE All-Share Index (ASI)NGX All-Share Index (ASI)
2NSE-Main Board IndexNGX-Main Board Index
3NSE 30 IndexNGX 30 Index
4NSE CG IndexNGX CG Index
5NSE Premium IndexNGX Premium Index
6NSE Banking IndexNGX Banking Index
7NSE Pension IndexNGX Pension Index
8NSE Insurance IndexNGX Insurance Index
9NSE ASeM IndexNGX ASeM Index
10NSE-AFR Bank Value IndexNGX-AFR Bank Value Index
11NSE AFR Div Yield IndexNGX AFR Div Yield Index
12NSE MERI Growth IndexNGX MERI Growth Index
13NSE MERI Value IndexNGX MERI Value Index
14NSE Consumer Goods IndexNGX Consumer Goods Index
15NSE Oil/Gas IndexNGX Oil/Gas Index
16NSE Lotus Islamic IndexNGX Lotus Islamic Index
17NSE Industrial Goods IndexNGX Industrial Goods Index
18NSE Growth IndexNGX Growth Index
19NSE Sovereign Bond IndexNGX Sovereign Bond Index

 

The recent demutualisation led to the transformation of The Nigerian Stock Exchange to a non-operating holding company, Nigerian Exchange Group Plc. (NGX Group). Consequently, The Group now has three wholly-owned operating subsidiaries, namely: Nigerian Exchange Limited (NGX), the operating exchange; NGX Regulation Limited (NGX RegCo), the independent regulation company; and NGX Real Estate Limited (NGX RelCo), the real estate company.

NGX

Consequently, the rebranding of the indices is in line with NGX’s drive to standardise and ensure consistent expression of the brand across touchpoints. From today, all indices from Nigerian Exchange Limited will be rebranded with a pre-fix, NGX, to promote brand awareness and recognition. Market players should however note that this exercise will not affect the computation methodology of the indices.

As NGX continues to provide a platform for investors and issuers to meet their various investment objectives, this rebranding effort is a testament to NGX’s commitment to providing an efficient market that reflects available information.

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.