NGX ETFs Rebound Strongly as Trading Value Hits N1.11 Billion Amid Renewed Investor Interest
Exchange Traded Funds (ETFs) listed on the Nigerian Exchange (NGX) recorded a strong rebound in the week ended May 8, 2026, as investor sentiment improved following a previous selloff. Total trading value rose to N1.11 billion, reflecting renewed confidence and increased participation in the ETF segment. Market data also showed a week-on-week rise in trading volume, signaling a return of bargain hunters.
Leading the gains was the SIAML Pension ETF 40, which surged an impressive 58.78% to close at N9,349.99. The rally was broad-based, with other major ETFs such as the Stanbic IBTC ETF 30, Lotus Halal Equity ETF, and Vetiva Griffin 30 ETF also posting strong double-digit gains. Analysts attribute the recovery to improved sentiment after steep losses recorded in the previous week.
Despite the positive momentum, ETF price movements remained volatile, largely influenced by liquidity conditions rather than underlying asset fundamentals. Funds such as the Greenwich Alpha ETF and Vetiva Consumer Goods ETF also closed higher, while a few laggards—including the Meristem Growth ETF and Vetiva S&P Nigeria Sovereign Bond ETF—recorded notable declines, underscoring uneven performance across the market.
Trading activity strengthened significantly during the week, with total volume hitting 7.59 million units. The Stanbic IBTC ETF 30 led in value traded at N203.32 million, followed closely by the Lotus Halal Equity ETF and Vetiva Griffin 30 ETF. In terms of volume, the Vetiva Banking ETF dominated trading, while the NewGold ETF recorded the lowest activity, highlighting persistent liquidity gaps in some instruments.
The rebound comes after a weak April 2026 performance, where most ETFs posted sharp losses due to sustained selling pressure. While April was dominated by broad declines, the latest recovery suggests that investor appetite is gradually returning, although market analysts caution that volatility may persist as liquidity remains concentrated in select funds.
source: nairametrics