Nigerian Stock Exchange (NSE) has announced the review of the NSE-30 and the seven sectoral indices effective Jan. 1, 2018.
The exchange in a statement signed by Mr Olumide Orojimi, Head, Corporate Communications, said that the composition of these indices would be announced in January, after the completion of the year-end review and index rebalancing exercise.
Orojimi said that the exercise would see the entry of some major companies and the exit of others from the various indices.
He said that the seven indices were NSE Consumer Goods, NSE Banking, NSE Insurance, NSE Industrial, NSE Oil & Gas, NSE Pension and the NSE Lotus Islamic Indices.
Orojimi said that the indices, which were developed using the market capitalisation methodology, were rebalanced on a bi-annual basis, on the ...