The Nigerian Exchange (NGX) witnessed remarkable rallies in the first nine months of 2025, with Beta Glass, Mutual Benefits Assurance, and The Initiates Plc leading a surge of triple-digit stock gains.
The NGX All-Share Index (ASI) closed September with a year-to-date return of 38.65%, but some individual stocks outperformed the broader market by a wide margin.
The data is computed by Nairametrics Research according to the prices collated from NGX.
Despite macroeconomic headwinds such as inflationary pressure and naira volatility, select equities defied gravity, posting gains between 249% and 649%. Small caps, industrials, and consumer-focused names dominated the leaderboard, reflecting both speculative activity and genuine earnings recovery.
At the top of the list, Beta Glass Plc soared nearly sevenfold, while insurers, industrial services firms, and food producers also attracted heavy investor interest.
Below are the best-performing stocks for the nine-month 2025
The stock jumped from N2.50 to N14.60, with a year high of N17.74 and a low of N2.50. Momentum was concentrated in July and August, with January marking its weakest point.
Investor interest in this industrial services and environmental solutions firm was boosted by expectations of expanding contracts and improved operational efficiency. The stock’s low starting price, coupled with growing attention from retail investors, contributed to its rapid appreciation over the nine-month period.
