The Nigerian Exchange (NGX) closed stronger as investors gained ₦479 billion in market value, driven by impressive performances in the insurance and consumer goods sectors.

The All-Share Index rose by 0.52% to 146,570.69 points, lifting the market capitalization to ₦83.09 trillion and pushing the year-to-date return to 42.4%.

The insurance sector led the rally following the passage of the Insurance Industry Reform Bill, which has improved investor sentiment. AXA Mansard gained 10%, while other insurers posted solid advances. In the consumer goods space, Guinness Nigeria and University Press also rose by 10% each.

Analysts attribute the sustained momentum to strong earnings, policy reforms, and growing investor confidence. With over ₦1.3 trillion added to market value in recent weeks, the NGX continues to edge toward the 150,000-point mark.