Six Nigerian stocks, each valued at over one trillion naira, have surged more than 20% so far in 2025, delivering strong price performances that have played a crucial role in keeping the All-Share Index (ASI) in positive territory.
These companies are part of the SWOOTs, a group of Nigerian Exchange-listed firms with market capitalizations exceeding one trillion naira that wield significant influence on the All-Share Index, depending on market trends and their size.
In 2025 so far, the All-Share Index has posted a year-to-date performance of 6.08%, closing at 109,183.93 index points as of market close on the 22nd of May 2025.
Despite a decline that began in mid-February, during which the index shed over 5,300 points to reach a low of 103,851.88 in April, positive price action in mid- and large-cap stocks (many of which are SWOOTs) helped lift the index back above the 109,000-mark.
This piece examines the SWOOTs on the Nigerian Exchange that have gained more than 20% so far this year.
Here are the SWOOTs that have gained over 20% so far in 2025 on the Nigerian stock market:
International Breweries Plc ranks third with an impressive year-to-date performance of 67.57% as of market close on May 22, 2025, with an equity cap of N2.4 trillion.
The stock opened the year at N5.55, trading on a solid volume of 63.1 million shares. It remained relatively flat through Q1, slipping slightly to N5.10 by the end of March—but still holding firmly above the N5.00 threshold.
Momentum picked up significantly in Q2 after the company posted a strong comeback in its Q1 2025 results.
- It reported a pre-tax profit of N35.06 billion, a remarkable turnaround from a loss of N89.3 billion in Q1 2024.
- The rebound was driven primarily by a 68.2% surge in revenue, which reached N173.6 billion, alongside a sharp drop in foreign exchange losses, from N80.5 billion in Q1 2024 to just N581.4 million in Q1 2025.
Following the earnings release, the stock gained momentum, closing both March and April strongly in the green and breaking through the N9.00 mark in early May.
