The Nigerian Stock Exchange, NSE will be reviewing the NSE 30 index and six sectoral indices available on the bourse Africa’s largest economy.
The NSE has since issued the notice that will see the downgrade or removal of certain stocks from the NSE 30 index. Conoil PLC, a downstream oil and retail major and Julius Berger, a civil construction company are two of the prominent stocks that might be delisted from the index.
See below the full list:
| Indices Title | Likely Incoming | Likely Exiting |
| NSE 30 Index | Fidelity Bank Plc Sterling Bank Plc Diamond Bank Plc Cadbury Nigeria Plc FCMB Group Plc |
Conoil Plc UACN Plc Julius Berger Nig. Plc 7-Up Bottling Co. Plc The Okomu Oil Palm Plc |
| NSE Lotus Islamic Index | Total Nigeria Plc Nigerian Aviation Handling Co. Plc |
Forte Oil Plc 7&up Bottling Co. Plc |
| NSE Consumer Goods Index | Nig. Enamelware Plc Northern Nigeria Flour Mills Union Dicon Salt Co. Plc |
Vitafoam Nigeria Plc Honeywell Flour Mills Plc Dangote Flour Mills Plc |
| NSE Banking Index | Skye Bank Plc Unity Bank Bank Plc |
Wema Bank Plc Diamond Bank Plc |
| NSE Insurance Index | Linkage Assurance Plc Regency Alliance Insurance Plc Consolidated Hallmark Insurance Plc Universal Insurance Co. Plc Equity Assurance Plc |
Sovereign Trust Insurance Plc Unity Kapital Assurance Plc Mutual Alliance Insurance Plc Staco Insurance Plc Prestige Assurance Plc |
| NSE Oil & Gas Index | Japaul Oil & Maritime Services Plc Eterna Plc |
MRS Oil Nigeria Plc Conoil Plc |
| NSE Industrial Index | Grief Nig. Plc First Aluminium Nige Plc African Paints Plc |
Portland Paints & Products Nig. Plc Paints & Coatings Plc DN Meyer Plc |
The NSE-30 and NSE Industrial Indices are modified market capitalization index with the numbers of included stocks fixed at 30 and 10, respectively. The Stocks are selected based on their market capitalization from the most liquid sectors. The liquidity is based on the number of times the stock is traded during the preceding two quarters. To be included, the stock must have traded for at least 70 percent of the number of times the market opened for business.
The Exchange is aware that the number of the stocks included in some of the indices may not be practically suitable for optimal portfolio diversification; however, the numbers would be reviewed as sector conditions change.
The Nigerian bourse began publishing the NSE 30 Index in February 2009 with index values available from January 1, 2007. On July 1, 2008, The NSE developed four sectoral indices and developed the NSE Pension Index in 2013, with a base value of 1,000 points, designed to provide investable benchmarks to capture the performance of specific sectors. The sectoral indices comprise the top 15 most capitalized and liquid companies in the Insurance and Consumer Goods sectors, top 10 most capitalized and liquid companies in the Banking and Industrial Goods sector and the top seven most capitalized and liquid companies in the Oil & Gas sector.
The indices, which were developed using the market capitalization methodology, are rebalanced on a biannual basis -on the first business day in January and in July.
