The Nigerian Exchange’s All-Share Index (ASI) rose 1.72% in September, capping a strong 18.95% advance in Q3 2025 and pushing its year-to-date return to 38.65%.

The rally was led by the insurance sector (+57.65%), with standout stocks including Regency Alliance and AIICO Insurance. Industrial goods (+39.32%) and consumer goods (+27.89%) also posted strong gains, while banking (+18.25%) remained resilient. The oil & gas sector (+3.51%) lagged behind.

Analysts say the performance reflects robust earnings and improved investor sentiment, with attention now shifting to whether the market can sustain momentum into Q4.