Global X MSCI Nigeria ETF (NGE) Declines 0.46% for Jun 15

June 15, 2018 - By Richard Conner

Jun 15 is a negative day so far for Global X MSCI Nigeria ETF (NYSEARCA:NGE) as the ETF is active during the day after losing 0.46% to hit $21.5 per share. The exchange traded fund has 64.53 million net assets and 2.12% volatility this month.

Over the course of the day 6,515 shares traded hands, as compared to an average volume of 30,580 over the last 30 days for Global X MSCI Nigeria ETF (NYSEARCA:NGE).

The ETF is -15.61% of its 52-Week High and 50.46% of its low, and is currently having ATR of 0.49. This year’s performance is 5.34% while this quarter’s performance is -4.31%.

The ETF’s YTD performance is -3.68%, the 1 year is 32.54% and the 3 year is -17.2%.

The ETF’s average P/E ratio is 7.58, the price to book is 1.07, the price to sales is 0.79 and the price to cashflow is 2.63. It was started on 04/03/2013. The fund’s top holdings are: Guaranty Trust Bank PLC for 14.86% of assets, Nestle Nigeria PLC for 10.86%, Nigerian Breweries PLC for 10.28%, Zenith Bank PLC for 9.58%, Stanbic IBTC Holdings PLC for 5.25%, Ecobank Transnational Inc for 4.90%, Dangote Cement PLC for 4.80%, United Bank for Africa PLC for 4.69%, Access Bank PLC for 4.47%, First Bank Of Nigeria PLC for 4.40%. The ETF sector weights are: Basic Materials 7.93%, Consumer Cyclical 0.00%, Financial Services 52.32%, Realestate 0.00%, Consumer Defensive 35.70%, Healthcare 0.00%, Utilities 1.78%, Communication Services 0.00%, Energy 2.27%, Industrials 0.00%, Technology 0.00%. The ETF currently as 1.75% yield.

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