Business & Economy

BUA Foods Plc Records N1 Trillion Market Value As Share Price Hits 9.96%

BUA Foods Plc, a subsidiary of Bua Group, and the latest member on the NGX Main Board has outperformed the N1 trillion market value on Monday.

Brand News Day Nigeria reports that Bua Foods Plc has hit over a trillion naira in market value as its shares price witnessed a new turn in the early hours of Monday after trading activities resumes, gaining 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% 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.

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BUA Foods Plc Records N1 Trillion Market Value As Share Price Hits 9.96%

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, the 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

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

More details shortly…

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Adebayo

Adebayo is a Content Developer and website manager who loves to learn, unlearn and relearn. He has a knack for exploring the tech world. He is always thirsty to learn as the tech ecosystem evolves every day.

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