NGX Gains ₦122bn as Insurance Stocks Lead the Rally

 Nigeria’s stock market opened the week on a strong note, with investors recording gains of about ₦122 billion on Monday, August 11, 2025.

The All-Share Index (ASI) rose by 0.13% to close at 145,948.27 points, while market capitalization climbed to ₦92.3 trillion. This marks the 11th consecutive week of market growth, showing the resilience of investor confidence.

The insurance sector was the day’s top performer, posting an impressive 9.7% gain. Analysts link this surge to renewed investor interest and the positive impact of a recently enacted insurance industry reform law, which has boosted sentiment around sector stability and growth potential (Nairametrics).

Among the top gainers were:

Stanbic IBTC Holdings, benefiting from strong earnings and investor demand.

BUA Foods, which continued its upward momentum from last week.

Overall, the day’s rally brought the Nigerian Exchange closer to the symbolic ₦100 trillion market capitalization milestone—a psychological level that, if crossed, would mark a historic high for the market (BusinessDay, DMarketForces).

This consistent market growth could signal stronger momentum ahead, especially if key sectors like insurance and consumer goods maintain their upward trends. However, analysts also advise investors to watch for profit-taking, which may slow gains in the short term.

Sources:

Nairametrics – Nigeria’s Insurance Stocks Surge

BusinessDay – Insurance Stocks Rally

DMarketForces –

 Investors Gain ₦122bn