The Industrial Goods sector, as tracked by the NGX Industrial Index, represents a vital segment of the Nigerian stock market, with a market capitalization of N16.2 trillion.
As of the trading week ended 19th September 2025, it ranked second only to the Consumer Goods sector, which leads with N19.8 trillion, pushing the Banking index to third place at N14.7 trillion.
Relative to the Nigerian All-Share Index, currently valued at N89.74 trillion, the Industrial Goods sector accounts for 18.13% of total market capitalization.
The sector consists of companies whose outstanding shares, when multiplied by their market prices, create a combined value that influences both the Industrial Index and the broader All-Share Index.
Their market capitalization, or size, is therefore determined by the number of shares listed and how well those shares perform in terms of price movement.
This work ranks the top 10 stocks under the NGX Industrial Index based on their size, or market capitalization.
Here they are:
Berger Paints Plc, another household name in paints and coatings, ranks 7th with a market capitalization of N11.3 billion. This represents 0.07% of the Industrial Goods Index and 0.013% of the All-Share Index.
The company has 289,823,447 outstanding shares, and its investors have enjoyed a 95% gain in 2025, as the share price nearly doubled from N20.00 to N39.00.
Berger’s total assets stood at N7.58 billion as of June 30, 2025, supported by inventories of N2.8 billion and property, plant, and equipment of N2.5 billion.
For H1 2025, revenue rose to N6.1 billion, up 23%, while pretax profit surged more than sixfold to N945.8 million, compared to N128.7 million in H1 2024.
