BUA Foods at 52-week High, 15m Shares Traded Off Market

BUA Foods at 52-week High, 15m Shares Traded Off Market

BUA Foods Plc traded at a 52-week high of N415 per share on the Nigerian Exchange (NGX) trading platform amidst major off-market share trading activities. In the equities market, BUA Foods Plc has outpaced Dangote Cement Plc in terms of market value, ranking second most important market mover in the local bourse.

With mixed trading activities, the food company’s share price remained at N415, the price level at which it has been trading over the last seven days in the local bourse.

In circular trading, stockbrokers said over 15 million units were traded outside the market—a huge transaction between buyers and sellers that was not settled through the stock market. 

BUA Foods Plc.’s 18 billion shares outstanding were priced at N7.47 trillion in the equities market, the second largest after Airtel Africa Plc, the NGX most valuable brand. The company has indicated plans to release its unaudited financial statement for the fourth quarter after regulatory approvals.

In a notice, BUA Foods told the Nigerian Exchange Limited (NGX) and the investing public that a meeting of the Board of Directors has been scheduled for Thursday, 30th January 2025. The board will consider the company’s unaudited financial statements for the period ended 31st December 2024 and be released to the public.

The closed period in respect of Q4 and 2024 Audited Financial Statements release has commenced on the 1st of January, 2025, and will continue until 24 hours after the release of the 2024 Q4 UFS and 2024 AFS on the Issuers’ portal of the NGX. #BUA Foods at 52-week High, 15m Shares Traded Off Market $9.6bn P&ID Scam: I’ve No Witness to Call, Briton Tells Court