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.
NNFM delivered a 146.0% return, earning it the 5th position among the top-performing consumer goods stocks.
Its share price rose from N43.90 to N108, with more than 40 million shares traded. The stock’s standout period was May, with an 85.2% gain.
The rally likely followed investor reaction to the company’s dividend declaration of 25 kobo per 50 kobo share and a 25% rise in pre-tax profit to N2.8 billion for the financial year ended March 31, 2025.
