The Nigerian Exchange (NGX) witnessed remarkable rallies in the first nine months of 2025, with Beta Glass, Mutual Benefits Assurance, and The Initiates Plc leading a surge of triple-digit stock gains.
The NGX All-Share Index (ASI) closed September with a year-to-date return of 38.65%, but some individual stocks outperformed the broader market by a wide margin.
The data is computed by Naijaonpoint Research according to the prices collated from NGX.
Despite macroeconomic headwinds such as inflationary pressure and naira volatility, select equities defied gravity, posting gains between 249% and 649%. Small caps, industrials, and consumer-focused names dominated the leaderboard, reflecting both speculative activity and genuine earnings recovery.
At the top of the list, Beta Glass Plc soared nearly sevenfold, while insurers, industrial services firms, and food producers also attracted heavy investor interest.