Investors in BUA Cement Plc have started recording value in their investment as the stock has gained 17.1 per cent in two days after its listing on the Nigerian Stock Exchange last Thursday.
However, in the first two days of trading in the shares, the price rose to N41.00 per share, translating to a gain of 17.1 per cent. This has increased the market capitalisation of BUA Cement to N1.388 trillion. Speaking at the listing, Managing Director of the company, Yusuf Binji, said, “BUA Cement is poised to add even more value to the Nigerian economy as a whole through this listing. Over the past few years, we have significantly ramped up capacity and currently boast the most efficient and integrated operations in the Nigerian Cement Industry. This new publicly listed company will continue to deliver exceptional value to all stakeholders in the foreseeable future.