Investors on the Nigerian Exchange Limited (NGX) experienced a significant boost, amassing approximately N4.14 trillion in gains over just three trading days, with the market capitalization climbing to N114.38 trillion by the end of Wednesday’s trading session. This surge reflects a robust investor appetite and a continued bullish sentiment in the market, as evidenced by the All-Share Index, which rose 3.76 percent, reaching 178,184.54 from 171,727.49 since the previous Friday.

The performance was particularly noteworthy on a sectoral basis, with the NGX Banking Index rebounding from earlier declines to emerge as a key contributor to this market rally. It recorded an increase from 1,678.99 points on Monday to 1,736.81 points by Wednesday, amounting to a substantial gain of 57.82 points over the three-day period. This upward trajectory signifies renewed confidence among investors in the banking sector, which is pivotal for the overall market dynamics.

Similarly, other indices such as the NGX Insurance Index and the NGX Oil and Gas Index also showed promising trends. The Insurance Index saw a recovery, closing at 1,317.73 on Wednesday after two days of lower figures, indicating rekindled investor interest. Meanwhile, the Oil and Gas Index rose from 3,369.31 last Friday to 3,514.75 on Wednesday, showcasing a collective growth trend across various sectors, thus further consolidating the positive outlook for the Nigerian investment landscape.