Nigerian Exchange Unveils New Equity-Based Commodity Market Index

The Nigerian Exchange has unveiled the Equity-Based Commodity Index, a new market commodity index tracking the performance of companies in key sectors such as energy, agriculture, and mining. The index aims to provide a benchmark for investors to gauge market trends and opportunities in these sectors.

The Nigerian Exchange (NGX) has unveiled its new index, the Equity-Based Commodity Index, which is designed to track the performance of companies operating primarily in key sectors such as energy, agriculture, and mining. This new index aims to provide investors with a more comprehensive view of market trends and opportunities in these critical industries. The introduction of this index marks an expansion of NGX's suite of indices, which currently includes several equity-focused benchmarks. By adding commodity-based performance to its offerings, NGX hopes to increase market liquidity and attract more investors to the Nigerian stock market.