{
  "id": 18311008,
  "title": "ETFs slump in October as Stanbic IBTC ETF 30 falls 32.66%",
  "url": "https://urgent.news/2026/11/05/etfs-slump-in-october-as-stanbic-ibtc-etf-30-falls-32-66",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T13:16:24.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/11/05/etfs-slump-in-october-as-stanbic-ibtc-etf-30-falls-32-66/"
  },
  "original_language": "en",
  "account": "In October 2026, Nigerian Exchange-listed Exchange Traded Funds (ETFs) experienced a significant slump, with ten out of the twelve funds closing lower, according to Nairametrics Research analysis. The most dramatic decline was recorded by the Stanbic IBTC ETF 30, which plummeted 32.66% to N1,000.00 from N1,485.00. This decline, coupled with a 33.75% decrease in trading volume and a 17.50% drop in transaction value, contributed to a steep 15.61% decline in the combined market capitalization of the twelve ETFs, falling from N55.11 billion to N46.51 billion. Despite the overall negative performance, two ETFs managed to post gains: the Vetiva Industrial ETF rose 3.10% to N114.99 and the Vetiva S&P Nigeria Sovereign Bond ETF advanced 1.23% to N209.90. The selloff altered the ETF market capitalization ranking, with the Vetiva Griffin 30 ETF moving up to first place with N14.01 billion, displacing SIAML Pension ETF 40, which fell to N10.32 billion. This shift in the market composition also impacted the year-to-date performance of the ETFs, with Vetiva Industrial ETF topping the list at 91.65% since January 2, eight ETFs were positive year-to-date, down from nine at the end of September, while four were negative. Among the negative performers were the Meristem Value ETF and Meristem Growth ETF, which suffered declines of 66.04% and 71.30%, respectively. October's performance weakened the first-half gains of some top performers such as Stanbic IBTC ETF 30, Vetiva Griffin 30 ETF, and NewGold ETF, reshuffling the year-to-date leaders in the Nigerian ETF market.",
  "summary": "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%. The post ETFs slump in October as Stanbic IBTC ETF 30 falls 32.66% appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}