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.
NASCON secured the 6th position with a 136.7% return over the half-year.
Opening at N30, the stock soared to N71 by June, trading 347.3 million shares. It ended every month in the green, with the largest jump of 19.33% recorded in June.
The rally was likely fueled by a strong Q1 performance: Pre-tax profit rose to N11.3 billion from N1.8 billion in 2024, as revenue surged 77.2% to N41.8 billion.
