By Modupe Gbadeyanka Results of the half-year review of the market indices have been announced by the management of the Nigerian Stock Exchange (NSE). According to a statement issued by the NSE, the review has led to the entry and exit of some companies from some indices with effect from Wednesday, July 1, 2020. The indicators reviewed by the exchange were the NSE 30 Index, NSE Lotus Islamic Index, NSE Pension Index, Corporate Governance Index, Afrinvest Bank Value Index, Afrinvest Dividend Yield Index, Meristem Growth Index, Meristem Value Index; and the five Sectoral Indices of The Exchange\u2013NSE Banking, NSE Insurance, NSE Industrial, NSE Consumer Goods and NSE Oil & Gas. These indices were developed to allow investors to follow market movements and properly manage investment portfolios. They were designed using the market capitalisation methodology, with rebalancing conducted on a semi-annual basis on the first business day in January and in July. The exchange, in collaboration with Lotus Capital Limited, Meristem Securities Limited and Afrinvest Securities Limited, have also published co-branded indices. In the latest review, BUA Cement, Custodian Investment, NAHCO and Wema Bank were kicked out of the Meristem Growth Index, while GTBank and Julius Berger were added. On the Meristem Value Index, Dangote Sugar was added, while Berger Paints, Dangote Cement, Eterna, Ecobank and Wapic Insurance were booted out. According to the NSE, Julius Berger, MTN Nigeria, NEM Insurance, NPF Microfinance Bank, Royal Exchange and SUNU Assurances joined the Corporate Governance Index, with no company exiting. While Lafarge Africa and CAP Plc were put into the NSE Lotus Islamic Index, 11 Plc (Mobil) and NAHCO were shown the way out. On the NSE Industrial Index, Notore Chemical was added, while Premier Paints exited and for the NSE 30 Index, Julius Berger entered, while Transcorp left. Business Post reports that no company was added or removed from the NSE Consumer Goods, NSE Banking, NSE Insurance, NSE Oil\/Gas, NSE Pension, Afrinvest Banking Value Index, and the Afrinvest High Dividend Yield Indices. 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 five sectoral indices 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 capitalised and liquid companies in the insurance and consumer goods sectors; the top 10 most capitalised and liquid companies in the banking and industrial goods sector; and the top seven most capitalised and liquid companies in the oil & gas sector.