A major driver of the Nigerian stock market’s impressive 18.95% return in the third quarter of 2025 was the strong performance of a select group of heavyweight stocks known as SWOOTs.
In Q3, 9 out of 22 SWOOTs gained more than 20%, while 16 advanced between 15% and 20%.
Altogether, 17 of them closed the quarter in the green, highlighting the breadth of positive sentiment among Nigeria’s largest corporates.
By definition, SWOOTs (an acronym for Stocks Worth Over One Trillion Naira) are companies whose market capitalization exceeds N1 trillion.
Given their enormous influence, any sustained movement in SWOOTs tends to shape the overall market direction.
Hence, their impressive showing in Q3 was powerful enough to lift the Nigerian All-Share Index to its third-best quarterly performance since 2020.
This work ranks the top 10 best-performing SWOOTs in Q3 2025, focusing on share price appreciation rather than size, with each company maintaining a market capitalization above N1 trillion.
Here are the top 10 best-performing SWOOTs:
Nestlé Nigeria Plc is in 4th place with a 28.97% Q3 return, one of three consumer goods heavyweights on the list.
As of September 30, the stock had a market capitalization of N1.48 trillion and 792,656,252 outstanding shares.
It opened the quarter at N1,450, traded 7.4 million shares, and closed at N1,870, after reaching a high of N1,890 in July. Despite a mild August pullback, prices held firm.
- Nestlé’s H1 2025 results showed a pretax profit of N88.3 billion, a strong turnaround from the N252.5 billion loss in H1 2024.
- Revenue climbed 42.79% to N581.1 billion, with N577.5 billion generated from domestic sales.
Year-to-date, Nestlé shares are up 113.7%, with Q2’s 42% rally making up the bulk.
