The NGX 30 Index, which tracks the 30 largest companies on the Nigerian Exchange, has delivered a strong performance so far in 2025, posting a year-to-date gain of 33.18%.
Starting the year at 3,811.9 points, the index has gained 1,264.8 points to reach 5,076.8, reflecting the bullish momentum sweeping through the market.
The broader Nigerian All-Share Index (ASI) has also had an outstanding run, up 35.03% year-to-date, outperforming the NGX 30 by 1.85%.
- While the ASI captures the entire equities market, the NGX 30 narrows its scope to the top 30 most liquid and capitalized stocks.
These heavily capitalized stocks carry substantial market value, meaning their price movements strongly influence both the All-Share Index and the sectoral indices they belong to.
In this work, however, the spotlight is on the 10 best-performing stocks within the NGX 30 in 2025 so far, ranked by how much their share prices have appreciated this year.
Here they are:
At number 9 is Dangote Sugar Refinery Plc, with a year-to-date gain of 69.23%. The stock began 2025 at N32.50, having fallen sharply from a 2024 high of N67.90.
The first quarter was relatively soft, with the price edging to N33.10 in March 2025. Things improved in Q2, but the breakout came in July when it spiked 53.61% to close at N73.50.
Although it retraced in August and early September, it has managed to hold on to much of its yearly gains and currently trades at N55.00.
- Its Q2 2025 results showed a remarkable recovery, swinging to a profit of N523.8 million in Q2 from a staggering N104.5 billion loss in the same quarter of 2024, supported by strong revenue growth and lower foreign exchange losses.
