ETFs slump in October as Stanbic IBTC ETF 30 falls 32.66%
AI Executive Briefing
Verified Synthesis~62s readTrading activity also weakened, with total ETF volume falling 33.75% to 6.73 million units from 10.16 million units in September, while transaction value declined 17.50% to N1.99 billion from N2.41 billion. Together, Stanbic IBTC ETF 30 and SIAML Pension ETF 40 accounted for about 77% of the N8.60 billion decline in combined ETF market capitalization.
Context & Background
- ✦Meristem Value ETF and Meristem Growth ETF lost 6.22% and 6.18%, respectively, while Vetiva Griffin 30 ETF declined 4.76%.
Key Figures & Named Entities
2026:Ten of the twelve Exchange Traded Funds listed on the Nigerian Exchange closed October 2026 lower, with Stanbic IBTC ETF 30 recording the steepest monthly decline at 32.66%.15.61%:Nairametrics Research analysis of NGX trading data shows that the combined market capitalization of the twelve ETFs fell 15.61% to N46.51 billion from N55.11 billion, representing a loss of N8.60 billion during the month.33.75%:Trading activity also weakened, with total ETF volume falling 33.75% to 6.73 million units from 10.16 million units in September, while transaction value declined 17.50% to N1.99 billion from N2.41 billion.
Outlook & Next Steps
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Key Takeaways
Verified Extract- Trading activity also weakened, with total ETF volume falling 33.75% to 6.73 million units from 10.16 million units in September, while transaction value declined 17.50% to N1.99 billion from N2.41 billion.
- Together, Stanbic IBTC ETF 30 and SIAML Pension ETF 40 accounted for about 77% of the N8.60 billion decline in combined ETF market capitalization.
- Meristem Value ETF and Meristem Growth ETF lost 6.22% and 6.18%, respectively, while Vetiva Griffin 30 ETF declined 4.76%.
Key Facts:2026: Ten of the twelve Exchange Traded Funds listed on the Nigerian Exchange closed October 2026 lower, with Stanbic IBTC ETF 30 recording the steepest monthly decline at 32.66%.15.61%: Nairametrics Research analysis of NGX trading data shows that the combined market capitalization of the twelve ETFs fell 15.61% to N46.51 billion from N55.11 billion, representing a loss of N8.60 billion during the month.33.75%: Trading activity also weakened, with total ETF volume falling 33.75% to 6.73 million units from 10.16 million units in September, while transaction value declined 17.50% to N1.99 billion from N2.41 billion.$300 million: Chinese regulatory inquiry forced OPay to halt $300 million US IPO – ReportAccess Holdings: Buy, Sell or Hold?
Editorial Excerpt
Ten of the twelve Exchange Traded Funds listed on the Nigerian Exchange closed October 2026 lower, with Stanbic IBTC ETF 30 recording the steepest monthly decline at 32.66%.
Frequently Asked Questions About This Story
What is the latest development regarding Naira & Foreign Exchange Policy?
Trading activity also weakened, with total ETF volume falling 33.75% to 6.73 million units from 10.16 million units in September, while transaction value declined 17.50% to N1.99 billion from N2.41 billion.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Naira & Foreign Exchange Policy.
What timeline or key figures were confirmed?
Ten of the twelve Exchange Traded Funds listed on the Nigerian Exchange closed October 2026 lower, with Stanbic IBTC ETF 30 recording the steepest monthly decline at 32.66%.
