The Nigerian Exchange (NGX) extended its gains on Monday, October 13, 2025, with Transcorp Power Plc emerging as the top performer. The All-Share Index rose by 0.50% to close at 147,717.2 points, while market capitalization increased by ₦461 billion to ₦93.7 trillion.

Trading volume also strengthened, as investors exchanged 624 million shares, up from 385 million in the previous session.

Transcorp Power led the rally with an 8.92% gain, followed by Stanbic IBTC (+5.5%), Dangote Cement (+1.74%), and Nigerian Breweries (+1.86%). Among smaller caps, Sovereign Insurance and Regency Alliance Insurance rose by 9.97% and 9.68%, respectively.

On the downside, Tripple Gee fell 9.92%, while LivingTrust Mortgage Bank dropped 3.85%.

Analysts say the uptrend reflects strong investor sentiment and positive earnings expectations. However, they caution that intermittent profit-taking may cause short-term volatility.