Business

BUA Foods, Wema Bank joins NGX 30 Index

Kehinde Akinseinde-Jayeoba
BUA Group partners Austria’s Starlinger Why BUA should apologise, BUA

BUA Foods and Wema Bank has been added to the NGX 30 Index as Oando and Union Bank exited.

NGX 30 tracks the best 30 companies in terms of liquidity and market capitalisation.

The Nigerian Exchange (NGX) Limited revealed these in its unveiled results of the full-year review of its market indices, with some changes witnessed in a few of the indicators.

The results showed the entry and exit of some companies listed on its trading platform.

According to a statement issued by the bourse, the changes became effective on Tuesday, January 3, 2023, which is the first trading session of the year.

Also, Oando left the NGX oil and gas index, which recorded the inclusion of MRS Oil Nigeria, as the NGX Pension Index saw the inclusion of Airtel Africa and BUA Foods, as Honeywell Flour and Conoil left the group.

However, the insurance index only witnessed the removal of African Alliance Insurance, while the Corporate Governance Index only saw the addition of Berger Paints.

The NGX Lotus Islamic Index recorded the inclusion of CAP and exclusion of NAHCO, NASCON and Presco, as the Consumer Goods, the Banking, and the Industrial Goods Indices remained unchanged.

Further, Fidelity Bank left the Afrinvest Bank Value Index, University Press and Access Holdings were removed from the Afrinvest Dividend-Yield Index, while the Meristem Growth Index welcomed Fidson, Nigerian Breweries and Sterling Bank and said goodbye to Dangote Cement, Eterna, GlaxoSmithKline, Seplat Energy and GTCO.

As for the Meristem Value Index, no company left, but it increased its numbers with Access Holdings, Lafarge Africa, May & Baker, and GlaxoSmithKline.

 

ALSO READ FROM NIGERIAN TRIBUNE 

WATCH TOP VIDEOS FROM NIGERIAN TRIBUNE TV

Previous Article female participation in equity market, banking rates shares Capital market Multiverse shares topped performing stocks in 2022, appreciates by 1,890%
Next Article Equities market opens week bullish as investors earn N124bn, Equities investors earn N285.4bn in 5 days amid buying interest, Equities investors lose N163.6bn in 5 days amid sell-off activities, Gains in Dangote Cement shares push market to positive close, Market opens week flat, as investors stakes 103.3m shares worth N2.14bn, Equities market reverse previous day's gain as investors lose N24.1bn, Investors earn N7.2bn, Sell-offs on Airtel Africa, Equities investors lose N18.1bn , MTNN losses further dip, Geregu Power's 2.5bn shares , Equities investors earn N103.4bn as local bourse rebounds by 0.4%, BUA Cement losses further dips , Equities investors lose N19bn, Equities market dips by 0.10% as investors lose N28bn, Local stock market decline, Bullish sentiment dominates market, stock market closed week, Bears persists to second consecutive week, Local stock market closes in red despite robust trade, stock market hits 7th-day, Local stock market opens week weaker by 1.2% as investors lose N312bn, Equities investors lose N6bn, Equities investors lose N90bn as market dips by 0.3%, Banking stocks lift local bourse marginally, as investors earn N12bn, Equities investors gain N5.6trn, stock market closes flat, stock market second loss, Bulls persist at NGX, Profit-taking takes up activities , Bears persist at NGX , Equities investors earn N158bn, Investors lose N22bn , capital investment in Q1 2022, Nigerian equities market opens, Nigerian equities market opens June bearish as ASI dips further by 1.24%, Equities investors earn N596bn, stock market halts bearish, Local stock market, stock market opens week, Investors gain N262.8bn as local stock market hits 14yrs high. Equities investors gain N1.45trn, Equities investors earn N143bn as bullish sentiment persists at NGX, Equities investors earn N5.21bn as ASI adds 2bps, Oil stocks push market, The Nigerian equities market posted the biggest single day gain in three months as the benchmark index inched up 1.25 per cent to close at 48,138.71 basis points, Equities investors earn N19.1bn , Investors earn N87.48bn, Negative sentiment persists at NGX as ASI further shed 0.48%, Equities investors lose N83bn, Nigerian equities investors, Investors lose N25bn , Access Bank stocks, Custodian records revenue growth, Local stock market , Equities investors earn N72bn as market reverses 5th-day loss, Bears maintain on stock market, Nigerian stock market, Equities investors lose N66bn as market dips by 0.26%, Equities investors lose N22bn, NGX: Equities investors earn N51bn to open week bullish, Equities investors gain N23bn as activities go uptick, Equities investors earn N54bn, Equities investors earn N54bn , Equities market bows to profit-taking, Local stock market maintains, Equities investors gain N2.3trn in January as bulls persist at NGX, Equities investors gain N137bn, Local stock market halts, Bullish trend wanes, Equities investors gain N810bn in 5 days as market hits 13-year high, Equities investors, Equities investors earn N323bn, Local stock market , Bulls persist at stock market, Equities investors gain N1.24trn, Equities market closed week, Local stock market maintains, Selloffs of banking stocks, Investors earn N253bn , Stock market rebounds , Local stock market sheds, Investors lose N391bn, Local stock market, Bears persists at NGX , Sell-off on MTNN stocks, Local stock market opens , Investors gained N54bn in 5 days amidst renewed buy sentiments, NGX benchmark index dips , Equities investors lost N28bn in 5 days amidst positive outlook, Equities investors lose , Airtel stocks push market , Stock market begins week on red zone as investors lose N12bn, Equities Investors gain N252bn as bulls persists at NGX, Bearish moments persist, tepid activities, Investors earn N27bn as bulls persists at NGX, Investors' interest in high cap , Local stock market bows , NGX: Market sustains positive sentiments, posts 0.4 per cent gain, Profit-taking dips market , Equities investors gained N340bn, Airtel Africa pushes market's worth, NGX: Investors earned N350bn in August, analysts predict positive H2, NGX ASI crosses 40,000 points as bulls persists, Local stock , market posts ASI shed 0.05%, dips market further by 0.1%, NGX: Banking stocks’ loss reverse gains as ASI sheds 0.1%, Equities market records marginal loss amidst robust activities, Profit taking takes toll, Equities investors lose N24.4bn Cardinalstone Securities led top stockbroking firms in 2022

Frontpage Today

Subscribe to e-Paper

E-Vending, e paper, pdf, e-paper, Tribune