• Contact Us
  • About Us
Sunday, June 1, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

NSE, Afrinvest launch indices to optimise investors’ returns

metro by metro
January 21, 2019
in Economy
0
NSE
0
SHARES
0
VIEWS

NSEThe Nigerian Stock Exchange (NSE) and Afrinvest Securities Limited (ASL) on Monday launched two new indices to optimise investors’ return.

The News Agency of Nigeria (NAN) reports that the indices are the NSE-Afrinvest Banking Value Index (BVI) and NSE-AFRINVEST High Dividend Yield Index (NSE-Afr HDYI).

Read Also

Anxiety Over Naira As OPEC+ Increases Production Quota By 411,000 Bpd

Moody’s Upgrades Nigeria’s Rating To ‘B3’ On External Fiscal Positions

Subsidy,  FX Windows  Strangled Nigeria’s Future, Says Tinubu At Midterm 

Mr Oscar Onyema, NSE Chief Executive Officer, said the indices were designed in response to requests for applicable benchmarks for measuring value in banking stocks and high dividend stocks listed on the exchange.

Onyema said they would serve as tools for investment managers and corporate treasuries seeking appropriate benchmarks to evaluate the performance of their portfolios.

According to him, the indices can also be used as the performance target in index-replicating financial products such as Exchange Traded Funds and Derivatives.

“In view of rising demand for financial products that adequately meet the needs of market participants, particularly investors, the exchange is pleased to collaborate with Afrinvest West Africa on these novel index strategies.

“We commend Afrinvest for its product innovation and for leveraging the Exchange’s Index calculation and management expertise.

“The exchange is committed to driving sustainability of our market place and supporting investable product creation endeavours by stakeholders to enhance the depth of the market.

“We will continue to welcome innovative solutions to identifiable gaps in the capital market,” Onyema said.

Also speaking, Mr Ike Chioke, Group Managing Director, Afrinvest West Africa, said the company was proud and excited at the rollout of the new indices in collaboration with NSE.

Chioke said the partnership would serve as a veritable proponent for more forward-thinking initiatives to meet the need of the market.

“On the back of these indices, investors will now enjoy the benefits of proxies that seek out dividend-paying stocks and value-oriented banking stocks listed in Nigeria,” he said.

Chioke said the NSE-Afr BVI and the NSE-Afr HDYI as with all other NSE indices would align with the NSE’s Index committee’s governance standards.

He added that guidelines and methodologies for the indices were publicly available on the website of NSE and Afrinvest.

NAN reports that the indices will be available real-time on both NSE and Afrinvest WA websites from Jan. 21.

Tags: AfrinvestNSE
Previous Post

Trial of Ladoja ends; court reserves judgment

Next Post

IMF cuts global growth outlook, cites trade war and weak Europe

Related Posts

Naira
Economy

Anxiety Over Naira As OPEC+ Increases Production Quota By 411,000 Bpd

June 1, 2025
Moody’s Upgrades Nigeria’s Rating To ‘B3’ On External Fiscal Positions
Economy

Moody’s Upgrades Nigeria’s Rating To ‘B3’ On External Fiscal Positions

May 30, 2025
FG To Start Paying Debt Service As Nigerian Economy Grows By 2.99% In Q1 2024-Edun
Economy

Subsidy,  FX Windows  Strangled Nigeria’s Future, Says Tinubu At Midterm 

May 29, 2025
Nigerians Overstaying Visa Risk Serious Sanctions, US Warns, Says “No Honest Mistakes”
Economy

Oil prices Climb $1 As US Court Blocks Trump Tariffs

May 29, 2025
Next Post
IMF

IMF cuts global growth outlook, cites trade war and weak Europe

Naira

Anxiety Over Naira As OPEC+ Increases Production Quota By 411,000 Bpd

June 1, 2025
OPEC

OPEC+ Oil Producers Stick To Guns With Another Big Hike For July

June 1, 2025
20 Kano Athletes, Officials Die In Road Accident While Returning From Sports Festival In Ogun

20 Kano Athletes, Officials Die In Road Accident While Returning From Sports Festival In Ogun

May 31, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version