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.
At the top of the list is Honeywell, with a remarkable 218.5% return, the best among consumer goods stocks in H1 2025.
Its price surged from N6.75 to N21.50, with a trading volume exceeding 632 million shares. Though February brought a 43% gain, May was the standout month, with a 61.5% jump that pushed the stock past N20.
The rally followed the release of Honeywell’s audited results for the year ended March 31, 2025, showing a rebound from an N8.5 billion loss to a N21.1 billion pre-tax profit, with revenue up 98% and shareholder equity up 65%.
