The Nigerian Stock Exchange (NSE) has released the results of its biannual review for the NSE 30 and the five Sectoral Indices the NSE Banking, the NSE Consumer Goods, the NSE Oil & Gas, the NSE Industrial and the NSE Insurance.
The composition of these indices after the re- view will be effective from tomorrow Wednesday July 1, 2015.
In the NSE-30 index, Sterling Bank plc will replace Total Nigeria plc; Wema Bank plc will be replacing Unity Bank plc in the NSE Banking index; while Prestige Assurance plc replace Staco Insurance plc in the NSE Insurance index.
The Nigerian bourse began publishing The NSE 30 Index in February 2009 with index values available from January 1, 2007.
The sectoral indices comprise the top fif- teen most capitalised and liquid companies in the Insurance and Con- sumer Goods sectors, top ten most capitalised and liquid companies in the Banking and In- dustrial Goods sector and the top seven most capitalised and liquid companies in the Oil & Gas sector.
The compiler of the in- dices maintains the right to modify the circulated selection above in con- nection with any mergers, takeovers, suspension or resumption of trading or any other company struc- ture changes during the period before the effective date of the annual review.
