BUA Foods Hits N12.465trn, Highest in Nigerian Market
The stock market value of BUA Foods Plc’s 18 billion shares outstanding on the Nigerian Exchange (ngx) surged to N12.465 trillion as investors increased their bet on the market mover.
In absolute terms, BUA Foods market value increased by N765 billion, up from N11.700 trillion to N12.465 billion because of not so much trade volume executed.
Trading data showed that the consumer goods company reached a new height on Tuesday as 311, 019 units of BUA Foods valued at N212.169 million were executed in the local bourse, driven by buy side actors.
The company courted investors’ attention ahead of third quarter earnings release. BUA Foods’ share price increased by 6.54% on the day to N692.50, its new 52-week high in the Nigerian Exchange.
The food producer has indicated its third quarter of 2025 earnings results may be delayed, and the market anticipates the scorecard to be a major catalyst for additional re-rating. #BUA Foods Hits N12.465trn, Highest in Nigerian Market Bank of America Profit Soars by 23.18% to $8.5bn in Q3
