|Bid||14.71 x 1200|
|Ask||15.48 x 1200|
|Day's Range||14.85 - 15.25|
|52 Week Range||12.27 - 19.02|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||9.99%|
|Beta (5Y Monthly)||0.56|
|Expense Ratio (net)||0.88%|
The Nigeria related ETF climbed Thursday after local investors were barred from a treasury auction and turned to shares instead, fueling a rally in banking stocks. The Global X Nigeria Index ETF (NYSArca: ...
For those not keeping track, Nigerian stocks are getting punished this year. The Global X MSCI Nigeria ETF (NYSE: NGE), the lone exchange traded fund dedicated to stocks in Africa's second-largest economy, is lower by 20.46% year to date. As is the case with so many markets, developed, emerging and frontier, Nigeria is home to a central bank that has been active.
The Nigeria country-specific ETF stood out Friday, climbing on heavy volume trades ahead of the general election that could produce positive economic results regardless of the outcome. The Global X Nigeria Index ETF (NGE) was up 2.6% Friday, trading on over four times its averaged daily volume. Nigeria has been luring back foreign investors, despite the risks of the upcoming election season.