Nigerian stock exchange lists two new futures contracts

Two new futures contracts were listed on the trading platform of the Nigerian Exchange (NGX) Limited on Monday.

This came amid an improvement in market turnover yesterday by 135 per cent, driving the value of the exchange higher at N9.34 billion.

trade publication reports that the new futures contracts brought to the platform for trading were the NGX30 and NGX PENSION indices expiring on June 16, 2023.

“Business license holders and the investing public are hereby notified of the listing of the NGX30 INDEX and NGX PENSION INDEX Futures Contracts (expiring June 16, 2023) on the Nigerian Exchange Limited today, December 12 2022”, a statement issued by the Head of Trading and Regulation Department of NGX Regulation Limited, stated Mr. Godstime Iwenekhai.

The NGX30 index contract with the symbol NGX30M3 and the ISIN code NGNGX20INM36 was trading at a price of N1836.25 per unit, while the NGX pension index contract with the symbol NGXPENSIONM3 and the ISIN code NGNGXPEINM37 was trading at a price of N1782 per unit.

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