Ten of the twelve Exchange Traded Funds listed on the Nigerian Exchange closed October 2026 decrease, with Stanbic IBTC ETF 30 recording the steepest month-to-month decline at 32.66%.
Nairametrics Research evaluation of NGX buying and selling knowledge reveals that the mixed market capitalization of the twelve ETFs fell 15.61% to N46.51 billion from N55.11 billion, representing a lack of N8.60 billion through the month.
Trading exercise additionally weakened, with complete ETF quantity falling 33.75% to six.73 million items from 10.16 million items in September, whereas transaction worth declined 17.50% to N1.99 billion from N2.41 billion.
Only Vetiva Industrial ETF and Vetiva S&P Nigeria Sovereign Bond ETF posted positive factors throughout October. Returns are calculated from September 30 closing costs to October 30, the ultimate buying and selling day of the month.
ETF costs on the NGX might deviate considerably from web asset worth due to comparatively skinny market liquidity.
Stanbic, SIAML lead October losses
Stanbic IBTC ETF 30 fell 32.66% to N1,000.00 from N1,485.00, whereas SIAML Pension ETF 40 declined 32.49% to N1,600.00 from N2,370.00. The two funds recorded the sharpest declines among the many twelve ETFs tracked throughout October.
Together, Stanbic IBTC ETF 30 and SIAML Pension ETF 40 accounted for about 77% of the N8.60 billion decline in mixed ETF market capitalization.
- NewGold ETF declined 15.22% to N78,000.01, whereas Vetiva Consumer Goods ETF fell 11.22% to N43.50.
- Meristem Value ETF and Meristem Growth ETF misplaced 6.22% and 6.18%, respectively, whereas Vetiva Griffin 30 ETF declined 4.76%.
- Greenwich Alpha ETF fell 3.46%, Lotus Halal Equity ETF misplaced 2.59%, and Vetiva Banking ETF declined 2.17%.
On the gaining facet, Vetiva Industrial ETF rose 3.10% to N114.99, whereas Vetiva S&P Nigeria Sovereign Bond ETF superior 1.23% to N209.90.
The selloff additionally modified the market-capitalization rating, with Vetiva Griffin 30 ETF transferring into first place at N14.01 billion as SIAML Pension ETF 40 fell to N10.32 billion.
Vetiva Industrial takes YTD lead
October’s declines reshuffled the year-to-date ETF efficiency desk, with Vetiva Industrial ETF taking the lead at 91.65% since January 2.
- The fund overtook Greenwich Alpha ETF by lower than one share level. Greenwich Alpha led on the finish of September with a return of 97.63% earlier than closing October at 90.79%.
- Stanbic IBTC ETF 30 recorded one of many sharpest reversals, with its year-to-date return falling to three.18% from 53.22% on the finish of September and 219.64% on the finish of June, when it led the first-half rating.
- SIAML Pension ETF 40 moved into unfavourable territory with a year-to-date decline of 9.93%, in contrast with a acquire of 33.42% on the finish of September.
- Vetiva S&P Nigeria Sovereign Bond ETF remained unfavourable for the yr, with a decline of three.05%, regardless of its optimistic October efficiency.
Eight of the twelve ETFs have been optimistic yr up to now, down from 9 on the finish of September, whereas 4 have been unfavourable, together with Meristem Value ETF and Meristem Growth ETF, with declines of 66.04% and 71.30%, respectively.
The October efficiency narrowed positive factors for a number of the market’s strongest first-half performers, notably Stanbic IBTC ETF 30, Vetiva Griffin 30 ETF and NewGold ETF, whereas altering the composition of the year-to-date leaders.
ETF buying and selling exercise weakens in October
Trading exercise weakened in October, with complete ETF quantity falling 33.75% to six.73 million items and transaction worth declining 17.50% to N1.99 billion. The decline adopted September buying and selling quantity of 10.16 million items valued at N2.41 billion.
However, cumulative buying and selling exercise for the primary ten months of 2026 reached 159.78 million items valued at N27.29 billion, in contrast with 153.05 million items value N25.30 billion on the finish of September.
- Stanbic IBTC ETF 30 recorded the very best traded worth in October at N1.10 billion, representing about 55% of complete ETF transaction worth, regardless of buying and selling solely 979,234 items.
- SIAML Pension ETF 40 adopted with N338.11 million in traded worth, whereas NewGold ETF recorded N178.35 million.
- Vetiva Banking ETF led by quantity with 2.63 million items, adopted by Stanbic IBTC ETF 30 with 979,234 items and Vetiva Griffin 30 ETF with 892,069 items.
- NewGold ETF remained the least traded by quantity with 2,050 items, though its excessive unit value generated N178.35 million in transactions.
Nairametrics had earlier reported that nine of the twelve ETFs were positive at the end of September, led by Greenwich Alpha ETF at 97.63%, highlighting how October’s value actions modified the market’s efficiency image.
