In the first half of 2025, the consumer goods sector emerged as the strongest performer on the Nigerian Stock Market, surging by 52.21% and pushing the banking sector to second place with an 18.06% gain.
Tracked by the NGX Consumer Goods Index, the sector gained 904.2 points, leaping from 1,731.7 to break past the 2,000 mark, before closing June at 2,635.9.
The rally was not just about rising prices as trading activity also increased, with the sector recording a market volume of 4.4 billion shares, the highest half-year total since 2013.
As analysts had expected, the sector surged as investor confidence grew, driven by a return to profitability in many consumer goods companies, supported by a stable exchange rate and lower inflation.
This return likely triggered increased investor interest, resulting in strong price movements and high market participation seen during the half-year period.
Below are the top 10 performing among all profitable consumer goods companies in H1 2025.
Cadbury came in 7th with a strong 93.0% gain in the first half of the year.
From N21.50, the stock rose to N41.50, with over 191 million shares traded. Most of that growth happened in Q2, when the stock surged 76.2%.
The movement likely followed its Q1 earnings report (released April 28), which revealed a turnaround from a N10.4 billion loss to an N8.5 billion pre-tax profit, supported by revenue growth and reduced FX losses.
