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:
BUA Foods holds 3rd place with a 37.19% Q3 return and is the best-performing consumer goods stock in the top 10.
As of September 30, the stock had a market capitalization of N11.33 trillion, the largest on the NGX, with 18,000,000,000 outstanding shares.
It opened the quarter at N459, trading 16 million shares, and closed Q3 at N629.70, breaking above N500 in August and reaching N600 by September.
- In H1 2025, BUA Foods reported revenue of N912.5 billion and pretax profit of N276.11 billion.
Year-to-date, the company is up 51.73% on NGX.
