BUA Foods, a part of the BUA Group family has seen its market capitalization climbs to N957.6 billion just one day after listing on the Nigerian Stock Exchange.
According to Nairametrics, the company was listed on the Nigerian Exchange on Wednesday, January 5th, 2021, listing 18 billion shares at a share price of N40 per share. However, in just three days since listing the company’s share price has gained 32.5% closing the week at N53 per share.
BUA Foods with an annualized revenue of N321 billion is now valued at N957 billion is close to joining the SWOOT (Stocks Worth Over One Trillion) naira. The only SWOOTs we have currently are Dangote Cement, MTN, Airtel, Nestle, and BUA Cement