Global X MSCI Nigeria ETF Price & Performance (NGE)

Global X ETFs is broadening the index methodology for its Genomics & Biotechnology UCITS ETF, increasing the number of holdings from 40 to 50 and adding pre-revenue and diversified companies. The move, pending regulatory approval, aims to better reflect sector trends and prevent overconcentration by capping diversified firms' weights.12

Equities turnover in Kenya jumped 138% last week to $17.6 million, though foreign investors remained net sellers for a third consecutive week. The market’s price-to-earnings ratio is now 61% below its historical average, while the dividend yield stands notably above trend, pointing to undervaluation by standard metrics.34

The iShares MSCI South Africa ETF closed at $48.38 on Friday, up from $47.96 the previous day. Trading volume was moderate at 45,825 shares. The ETF has shown resilience in recent sessions, reflecting cautious optimism even as broader emerging market sentiment remains mixed amid global economic uncertainties.45