The Nigerian ETP/ETF market has witnessed a sterling performance since the rise of the pandemic in early 2020.
The market capitalization of Exchange Traded Funds (ETFs) listed on Nigerian Exchange Limited, the leading market for ETFs in West Africa, rose to N20.32bn in the first quarter of 2021. The trade volumes rose by 3,064 percent from nearly 0.2 million units in Q1 2020 to 5.3 million units recorded in Q1 2021.
Despite the COVID-19 pandemic, the NGX ETP market witnessed a sterling performance, resulting in market capitalization of the 12 listed ETFs rising to N20.32bn. The market turnover (value traded) jumped by 4,556 percent between Q1 2020 and Q1 2021 even as five of the listed securities were the most active during the period under review.
Investor sentiments have been positive on alternative instruments like (fungible) ETPs offering the opportunity to hedge portfolios and enter/exit the market.
|LASACO ASSURANCE PLC||1.02||1.08||5.88|
|MUTUAL BENEFITS ASSURANCE PLC||0.24||0.25||4.17|
|UNION BANK NIG.PLC||5.80||6.00||3.45|
|ACADEMY PRESS PLC||2.02||2.08||2.97|