By Nkiruka Nnorom
The Nigerian Stock Exchange, NSE, and Meristem Securities Limited are collaborating to launch two new style indices – the NSE-Meristem Growth Index and NSE-Meristem Value Index. These indices will be available real-time on the NSE’s website from tomorrow, (Tuesday, March 12, 2019).
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The style indices were designed in response to demand for customized indices to support product development and investment management. Broadly, the style indices will provide a benchmark for the market to gauge the performance of value stocks and growth stocks listed on the Exchange and will also offer investors opportunity to make investments in products that truly match their investment styles and objectives.
The index will be calculated and maintained by the NSE.
Mr. Jude Chiemeka, Divisional Head, Trading Business Division,NSE, commenting on the launch, said: “We are pleased to…
