In the first half of 2025, the consumer goods sector emerged as the strongest performer on the Nigerian Stock Market, surging by 52.21% and pushing the banking sector to second place with an 18.06% gain.
Tracked by the NGX Consumer Goods Index, the sector gained 904.2 points, leaping from 1,731.7 to break past the 2,000 mark, before closing June at 2,635.9.
The rally was not just about rising prices as trading activity also increased, with the sector recording a market volume of 4.4 billion shares, the highest half-year total since 2013.
As analysts had expected, the sector surged as investor confidence grew, driven by a return to profitability in many consumer goods companies, supported by a stable exchange rate and lower inflation.
This return likely triggered increased investor interest, resulting in strong price movements and high market participation seen during the half-year period.
Below are the top 10 performing among all profitable consumer goods companies in H1 2025.
Nestle Nigeria comes in 9th with a solid 65.7% gain in H1 2025.
Starting the year at N875, it closed June at N1,450, moving over 16.7 million shares. The most significant push came in May, when the stock gained 44.6%.
That surge likely followed investor reaction to the company’s Q1 2025 result, which showed a sharp turnaround.
- The company swung from a N196 billion pre-tax loss in Q1 2024 to a N51.1 billion profit, driven by strong revenue and reduced finance costs from FX losses.
