Top 10 Best-Performing Nigerian Stocks in October 2025: NGX Extends Bullish Streak with 8% Monthly Gain
The Nigerian Exchange (NGX) ended October 2025 on a bullish note, with the market advancing 8% to cap another month of strong performance. According to the NGX All-Share Index, the market opened at 142,713.1 points and closed at 154,126.4 points, fueled by active investor participation and over 12 billion shares traded during the month.
This remarkable performance cements October as the second-best month of 2025, trailing only behind July’s robust 16.57% rally. Year-to-date, the NGX has gained an impressive 49.74%, with nearly 28.5% of that growth coming in the second half of the year. Analysts attribute this momentum to a combination of strong corporate earnings, renewed investor confidence, and improved macroeconomic sentiment.
Market experts note that third-quarter financial reports played a key role in sustaining positive sentiment across several sectors. As more companies released strong earnings figures, buying pressure increased, especially in consumer goods, industrials, and financial services stocks. The broader optimism has also encouraged institutional investors to maintain long positions in quality stocks.
Among the standout gainers was Vitafoam Nigeria Plc, which emerged as the tenth-best-performing stock in October with a 17.79% monthly gain. The company’s share price rose from N79.80 to N94.00, driven by solid financial results. Vitafoam reported a pretax profit of N7.3 billion for the quarter ended September 2025, nearly double the N3.6 billion recorded a year earlier. Its full-year pretax profit reached N21.2 billion, underpinned by strong sales and improved operational efficiency.
Overall, October’s rally reinforces the resilience of the Nigerian stock market, which continues to attract both local and foreign investors amid a recovering economic climate. With the year drawing to a close, all eyes remain on whether the NGX can sustain its momentum and close 2025 with one of its strongest performances in recent years.
source: Nairametrics