NGX Rebrands Market Indices

Nigerian Exchange Limited (“NGX” or “The Exchange”) has announced 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 on 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:

/N

Existing Name

New Name

1

NSE All-Share Index (ASI)

NGX All-Share Index (ASI)

2

NSE-Main Board Index

NGX-Main Board Index

3

NSE 30 Index

NGX 30 Index

4

NSE CG Index

NGX CG Index

5

NSE Premium Index

NGX Premium Index

6

NSE Banking Index

NGX Banking Index

7

NSE Pension Index

NGX Pension Index

8

NSE Insurance Index

NGX Insurance Index

9

NSE ASeM Index

NGX ASeM Index

10

NSE-AFR Bank Value Index

NGX-AFR Bank Value Index

11

NSE AFR Div Yield Index

NGX AFR Div Yield Index

12

NSE MERI Growth Index

NGX MERI Growth Index

13

NSE MERI Value Index

NGX MERI Value Index

14

NSE Consumer Goods Index

NGX Consumer Goods Index

15

NSE Oil/Gas Index

NGX Oil/Gas Index

16

NSE Lotus Islamic Index

NGX Lotus Islamic Index

17

NSE Industrial Goods Index

NGX Industrial Goods Index

18

NSE Growth Index

NGX Growth Index

19

NSE Sovereign Bond Index

NGX 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.

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.

Post Author: Friday Ekeoba