The Nigerian stock market started the new trading week on a positive note, with investors recording gains worth about N1.4 trillion. Strong buying interest in major stocks pushed market indicators higher, showing renewed confidence among local investors.

Data from the Nigerian Exchange showed that the market capitalisation rose sharply as share prices of key companies increased. Banking, industrial, and consumer goods stocks were among the biggest gainers, helping to drive the overall market growth.

Market analysts say the bullish performance is linked to improved investor sentiment and expectations of better corporate earnings. Some investors are also positioning themselves ahead of upcoming financial results, which has boosted trading activity.

Despite the strong opening, experts advise investors to remain cautious and focus on fundamentally sound stocks. While the positive momentum is encouraging, they warn that market movements can still change based on economic policies and global developments.