BUA Foods Adds N720bn Market Capitalisation to NGX Main Board

BUA Foods yesterday added N720billion market capitalization to the Main board of the Nigerian Exchange Limited after meeting capital market regulating bodies listing requirements.

Commenting on the listing, Chairman of BUA Group, Abdul Samad Rabiu in a statement said: “I am delighted that yet another member of BUA Group has been listed on the NGX. Also, the Acting Managing Director, BUA Foods, Ayodele Abioye, also stated, “the listing today marks a new beginning for a Company playing a critical role in the FMCG industry, one that’s highly committed to nourishing lives with all our product offerings.

The Exchange in a statement said the listing of BUA Foods’ shares has added N720billion to the market capitalisation of NGX, further boosting liquidity in the Nigerian capital market and providing opportunities for wealth creation.

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Nigerian stocks climb after record trade volume boosted by BUA FoodsThe food company marked its arrival with a 10 per cent jump in share price to N44 after listing 18 billion units of its common stock ...
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BUA Foods lists 18 billion shares, now Nigeria’s second biggest consumer goods’ firm by market valueBUA Foods was listed at N40 per unit but appreciated by 10 per cent on the day of its admission, putting its valuation at N792 billion.
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