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:
Cutix Plc, one of Nigeria’s leading cable manufacturers, takes the 6th spot with a market capitalization of N24.6 billion. This accounts for 0.15% of the Industrial Goods Index and 0.03% of the All-Share Index.
The company has 7,045,288,104.00 outstanding shares, and its stock has appreciated 52.17% so far this year, moving from N2.39 to N3.50.
At the close of the period ended July 2025, total assets rose to N10.67 billion, up 33.56%, with inventories valued at N5.7 billion accounting for more than half of the total.
However, despite strong asset growth, revenue for the period stood at N3.52 billion, slightly below N3.55 billion in the same period last year, while pretax profit fell sharply to N86.2 million, down 81%.
