The NGX opened September on a strong footing, extending its gains to four consecutive sessions, as the NGX All-Share Index (NGX-ASI) advanced by 0.77% to close at 246,082.63 points. Market capitalisation rose to NGN158.96 trillion, while the market’s year-to-date return improved to 58.14%. Market breadth remained positive at 2.11x, with 40 gainers against 19 decliners, while the UD ratio of 2.46x reflected sustained buying interest.

Sectoral performance was broadly positive, led by the Oil & Gas Index, which gained 3.87% on the back of gains in ARADEL. The Insurance Index followed with a 3.34% increase, supported by LINKASSURE and NEM, while the Banking and Consumer Goods indices advanced by 0.87% each. The Industrial Goods Index also gained 0.71%, although all five major sectors recorded gains during the session.