NGX ETFs rebound in July as Greenwich Alpha ETF leads with 30.41%

NGX ETFs rebound in July as Greenwich Alpha ETF leads with

30.41% gain

The Greenwich Alpha ETF delivered the strongest monthly performance among Exchange Traded Funds (ETFs) listed on the Nigerian Exchange (NGX) in July 2026, gaining 30.41% to lead a broad recovery across the segment, with nine of the twelve tracked funds recording gains, one closing flat, and two ending the month lower.

Data compiled by Nairametrics Research from NGX trading activity shows that July generated total trading volume of 12.74 million units, with total transaction value reaching N2.39 billion across all twelve funds.

Price performance was largely positive, with nine funds advancing and only two declining. The month marked a meaningful reversal from the broad correction that characterized the latter stages of H1 2026, though trading activity remained significantly subdued during the period.

ETF price movements on the NGX may not fully reflect underlying asset values, as relatively thin liquidity can cause significant deviations from net asset value (NAV). Consequently, sharp price swings are often influenced more by trading activity than by changes in the fundamentals of the underlying assets.

Source: https://nairametrics.com/2026/08/04/ngx-etfs-rebound-in-july-as-greenwich-alpha-etf- leads-with-30-41-gain/