SIAML Pension ETF Surges 185% in March 2026 on NGX

In March 2026, the Nigerian Exchange (NGX) experienced a notable rebound in exchange-traded funds (ETFs), highlighted by the SIAML Pension ETF, which surged by 185% month-to-date (MTD). This significant increase reflects a renewed investor interest across the market, as compiled data from Nairametrics indicates widespread price appreciation among various ETFs during the month.

The rally was led by the SIAML Pension ETF, alongside the 40 NewGold ETF and the Stanbic IBTC ETF, both of which recorded triple-digit gains. While most ETFs showed strong upward momentum, a few, including the Vetiva Industrial ETF and Vetiva Griffin 30 ETF, posted moderate gains of 29% and 28.71%, respectively.

However, some ETFs ended the month in negative territory, suggesting that investors engaged in profit-taking and portfolio adjustments. Overall, the performance of ETFs in March underscores a significant rebound in market activity, driven by improved market sentiment compared to the previous month.