Diamond, Fidelity, Sterling exit NSE-30 Index

by | December 29, 2016 12:45 pm

The trio of Diamond Bank Plc, Fidelity Bank Plc and Sterling Bank Plc have exited the NSE-30 Index while Conoil Plc, The Okomu Oil Palm Plc, and Presco Plc replaced them.

This resulted from the just completed year 2016 end review of the Nigerian Stock Exchange (NSE) indices (NSE 30 and the sectorial Indices).

NSE -30 Index tracks the top 30 companies in terms of market capitalisation and liquidity. It is a price index and is weighted by adjusted market capitalisation. Only fully paid-up common shares are included in the index.

While there were no changes in the NSE Consumer Goods and NSE Banking Indexes, Equity Assurance Plc, Linkage Assurance Plc, Universal Assurance Plc exited the NSE Insurance Index while Prestige Assurance Plc, Sovereign Trust Insurance Plc, and Unity Kapital Assurance Plc replaced them.

Also, there were no changes in NSE Industrial Index and NSE Oil/Gas Index. The NSE Pension Index has new entrants such as United Capital Plc, Ecobank Transnational Incorporated, and Dangote Flour Plc; while Beta Glass Company Plc, International Breweries Plc, and Skye Bank Plc exited this index.

Iheanyi Nwachukwu