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:
Beta Glass Plc, a producer of glass bottles and glassware, ranks 4th with a market capitalization of N291.5 billion, accounting for 1.79% of the Industrial Goods Index and 0.32% of the All-Share Index.
The company has 599,966,400 outstanding shares, and its stock has been one of the biggest gainers in 2025, skyrocketing by 648.84% from N64.90 to N486.00.
Total assets stood at N169.3 billion at mid-year 2025, with receivables valued at N69.9 billion and property, plant, and equipment at N64.3 billion.
Revenue nearly doubled to N78.2 billion, while pretax profit rose to N27.6 billion, up 337.32%.
