The Nigerian Exchange (NGX) opened the week on a positive note, adding ₦465 billion in market value as investor confidence lifted key sectors.

Market capitalisation rose from ₦93.35 trillion to ₦93.81 trillion, while the All-Share Index gained 729.17 points to close at 147,717.21 a 0.50 % increase.

Sovereign Trust Insurance led the gainers’ chart with a 9.97 % rise to ₦3.53 per share, followed by Transcorp Power (+8.92 %) and Consolidated Hallmark Holdings (+7.14 %). On the flip side, Regency Alliance Insurance declined 17.58 % to ₦1.36, while Triple Gee, Wema Bank, and LivingTrust Mortgage Bank also fell.

Trading activity remained strong, with 624.6 million shares worth ₦13.47 billion exchanged in 31,531 deals. MTN Nigeria led in value traded (₦2.62 billion).

Sector performance was mostly positive,the Insurance Index rose 2.11 %, Industrial Index added 0.66 %, and Consumer Goods Index gained 0.23 %.

Analysts attributed the bullish sentiment to renewed investor optimism and expectations of strong third-quarter earnings.