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    MarketForces Africa » Companies » BUAFOODS, DANGCEM, UBA Drive Mid-Day Rally on NGX

    BUAFOODS, DANGCEM, UBA Drive Mid-Day Rally on NGX

    Julius AlagbeBy Julius AlagbeJanuary 10, 2022Updated:February 10, 2026 Companies No Comments1 Min Read
    BUAFOODS, DANGCEM, UBA Drive Mid-Day Rally on NGX
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    BUAFOODS, DANGCEM, UBA Drive Mid-Day Rally on NGX

    BUA Foods after gaining 33 per cent last week is driving momentum on the Nigerian Exchange early trading hour on Monday, supported by Dangote Cement, United Bank for Africa and Zenith Bank.

    Last week BUA Foods listed 18 billion shares at N40 but closed the week at N53.20.

    Though mid-day trading hours cannot totally be used to predict the outcome of daily trading performance, at least it sends an early signal about transaction patterns and market sentiment. 

    The equity market is currently trading on a bullish note following expansion in ZENITH BANK (0.20%), UBA (1.25%), AIICO (2.56%), UCAP (3.23%), DANGCEM (4.00%), and BUAFOODS (9.96%). Alpha Morgan Capital hinted.

    Overall, the Nigerian Exchange All Share Index is higher by 1.10%. The equity market trades bullish for four trading sessions the first week of the new year.

    BUAFOODS, DANGCEM, UBA Drive Mid-Day Rally on NGX. Read Also: BUA Foods Shareholders Get N63 Billion as Dividend

    Investors Nigeria
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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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