BUSINESS

BUA Foods Plc Hits N1Trillion As Share Price Gains 9.96%

 

BUA Foods Plc, the newest member on the NGX Main Board has surpassed the N1 trillion market value in the early hours of trading activities on Monday after the share gained over 9% in just 2 hours of trading.

The company’s share price moved from N53.20 the previous trading day, to N58.50 representing a growth of 9.96% as at the time of writing this article. The rally in the share price of the consumer goods company takes BUA Foods Plc market value to N1.05 trillion.

BUA Foods Plc was admitted on The Exchange on the 5th of January, 2022 and 18,000,000 units of shares were listed at N40.00 per share. From the time of listing, the FMCG has experienced huge buy-interests, hence, share price has appreciated by a total of 46.25% in three trading days.

The company has now joined the SWOOTs group, that is, Stocks Worth Over One Trillion on the Nigerian Exchange Limited. Stocks included in the classification are, Nestle Plc, Airtel Africa Plc, BUA Cement Plc, Dangote Cement Plc, MTN Nigeria Plc and BUA Foods Plc.

BUA Foods Plc is a consolidation of BUA Group’s five food businesses which comprises of a range of consumer products, which are Flour, Pasta, Sugar, Edible Oils and Rice.

 

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