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NSE, Afrinvest launch factor equity indices to optimize investors’ returns

By Peter Egwuatu

The Nigerian Stock Exchange, NSE, and Afrinvest Securities Limited have announced the launch of two new factor indices: the NSE-Afrinvest Banking Value Index (NSE-Afr BVI) and NSE-Afrinvest High Dividend Yield Index (NSE-Afr HDYI).

Nigerian Stock Exchange
Nigerian Stock Exchange NSE

The indices would be available real-time on both NSE and Afrinvest WA websites from January 21, 2019.

NSE-Afr BVI and NSE-Afr HDYI were designed in response to requests for applicable benchmarks for measuring value in banking stocks and high dividend stocks listed on the Exchange. During  the launch of the indices, the Chief Executive Officer  of the Exchange, Mr. Oscar Onyema, said, “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. The indices consider the fundamentals of underlying securities.

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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 marketplace 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”.

Mr. Ike Chioke, Group Managing Director, Afrinvest West Africa, also said, “Afrinvest West Africa is proud and excited at the rollout of the new indices in collaboration with the NSE.

It is our belief that this partnership will serve as a veritable proponent for more forward-thinking initiatives meeting market needs.

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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”.


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