Kayode Tokede
On the again of traders’ demand for client items shares, the Nigerian Alternate Restricted (NGX) Client Items Index outpaced different indices to emerge the very best performing indicator with a achieve of 129.6 per cent in 2025.
Client items shares outperformed others in 2025 to cement its function as a serious driver of total market wealth creation for traders.
The stellar efficiency got here amid a historic yr for the Alternate, with the All-Share Index closing 2025 with a achieve of 51.2 per cent to 155,613.03 foundation factors, whereas whole market capitalisation gained N36.6 trillion shut at N99.38 trillion, reflecting renewed investor confidence and aggressive portfolio rotation into shares.
With a achieve of 65.6 per cent, the NGX Insurance coverage index got here second, adopted by NGX Industrial Index with about 58.9 per cent. Nonetheless, the NGX Oil & Fuel Index declined by 1.54 per cent to emerge the worst performing index in 2025.
Capital market analysts have attributed the demand for corporations within the Client Items Index to robust company earnings, stressing that these corporations overcame the quite a few macro-economic challenges of 2023 & 2024 FY to return to profitability.
The international trade coverage by the Central Financial institution of Nigeria (CBN) of 2023 led to a pointy depreciation of the Naira, adversely affecting corporations within the Client Items index.
THISDAY evaluation of corporations within the NGX Client Items Index revealed that Guinness Nigeria Plc, adopted by Vitafoam Nigeria Plc and Champion Breweries Plc recorded the best return on funding in 2025.
Whereas the inventory worth of Guinness Nigeria superior by 398.08 per cent to shut N349.9 per share from N70.25 per share, the inventory worth of Vitafoam Nigeria gained 300 per cent to shut at N92.00 per share from N23 per share it closed in 2024.
As well as, the inventory worth of Champion Breweries elevated by 247.6 per cent to shut at N14.00 per share from N3.81 per share.
Analysts at Cordros Securities in a report had urged traders to BUY most shares within the Client Items Index.
The agency in its report maintained an optimistic outlook for the meals corporations comparable to Nestle Nigeria, NASCON, given the important nature of their merchandise and their skill to implement worth hikes extra successfully than their friends, supported by a beneficial worth/quantity combine.
“These corporations additionally profit from robust market share, intensive distribution networks, and client demand resilience, making them much less affected by shifts in client buying energy, offering a strong benefit within the medium time period,” the report defined.
Additionally, Afrinvest in a report titled, “2025 brewery sector replace report | brewing again to profitability,” stated it anticipated that international brewery efficiency could be influenced by a number of key traits: the deepening of premiumisation methods for flagship manufacturers, and Innovation tailor-made to Gen-Z preferences.
Talking with THISDAY, the vice President Highcap Securities Restricted, Mr. David Adnori defined that the expansion in NGX Client Items Index is on the backdrop of large curiosity in Nigerian Breweries, Nestle Nigeria, Cadbury Nigeria, amongst different corporations quoted within the index.
He added that worth delicate data in 2026 could proceed to play a essential function within the corporations’ downward or upward motion on the Alternate.
