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 5 is MTN Nigeria Communications Limited, with a year-to-date performance of 117.5%. The stock opened at N200 and has more than doubled to N435, with over 606 million shares traded.
After posting a 22.5% return in Q1, momentum intensified in Q2 as the stock broke N300 in June, closing at N357.50 with a half-year return of 78.75%.
July brought another 32% surge to N472, helping sustain performance into Q3 despite some pullback in August and September.
- In its Q2 results, MTN reported a pretax profit of N419.6 billion, a sharp turnaround from a N179.6 billion loss in the same quarter of 2024.
- The strong results marked the third consecutive profitable quarter since its struggles in 2023 and 2024, likely reinforcing investor confidence in the company’s fundamentals.
