FTSE Russell Index review: Listing of 31 Nigerian Stocks triggers N239bn gain on NGX

The inclusion of 31 Nigerian stocks successful the FTSE Russell Frontier Index Series has boosted capitalist wealthiness connected the Nigerian Exchange Limited, NGX, with marketplace capitalisation rising by N239 cardinal astatine the adjacent of trading on Thursday.

DAILY POST reports that planetary scale supplier FTSE Russell precocious confirmed the eligibility of Nigerian equities crossed 3 categories — large-cap, mid-cap and small-cap — up of Nigeria’s instrumentality to the Frontier Market on September 21, 2026.

Among the companies featured successful the September 2026 FTSE Russell scale reappraisal are First Holdco Plc, Dangote Cement Plc, MTN Nigeria Communications Plc, Guaranty Trust Holding Company Plc (GTCO) and Zenith Bank Plc.

Other Nigerian companies included successful the scale are Aradel Holdings Plc, Nestlé Nigeria Plc, Nigerian Breweries Plc, Presco Plc and Stanbic IBTC Holdings Plc.

The FTSE Russell reappraisal sparked renewed buying involvement connected the NGX on Thursday, helping the equities marketplace grounds a humble betterment contempt broad-based losses among respective stocks.

Market capitalisation accrued by 0.15 per cent to N159.153 trill...