Nigeria’s NGX 30 Index, tracking 30 major stocks, has climbed an impressive 41% so far this year.
In contrast, the Dow Jones Industrial Average gained just 9%, while the FTSE 100 rose 15%.
Meanwhile, Germany’s DAX 30 increased 22%, but Indonesia’s IDX30 fell about 4%, highlighting Nigeria’s strong performance.
Quarterly Momentum
The year began at 3,811.9 points, and the index steadily climbed to 4,003.8 by February before a small March dip.
As a result, Q1 closed with a modest 2.9% gain, supported by Presco’s 65% surge and solid contributions from other major stocks.
In Q2, investors drove momentum further, lifting the index over 12% as confidence in the market grew.
Nigeria’s NGX 30 Leads 2025 Global Markets
Read Also: IMF: Reforms And Falling Inflation Bolster Africa’s Economic Stability
July marked a turning point because strong earnings and renewed optimism sparked a 16% rally.
Although August dipped slightly by 0.38%, Q3 ended positively with a 17% gain.
So far in October, strong buying has pushed the index over 3.5%, keeping the NGX 30 on track for continued growth.
Top Performers
Presco leads stock gains with 213%, followed closely by International Breweries, Nigerian Breweries, Okomu Oil, and Nestlé.
Additionally, Wema Bank, Stanbic IBTC, Dangote Sugar, Lafarge, BUA Cement, GTCO, and Zenith Bank posted notable returns.
Overall, the NGX 30 tells a story of Nigeria’s resilience, as investors outperformed global markets despite worldwide uncertainties.
