Following the admission of BUA Foods Plc shares on The Exchange on Wednesday, January 5th, 2022, 18 billion units of the company’s shares were listed at N40.00 per unit.
From the time of listing to the close of trading session on Thursday, BUA Foods Plc has gained 20% increase in share price.
BUAFoods Plc, the newest member on the Main Board, witnessed a 10% appreciation in share price on Wednesday, to close at N44.00 per share from N40.00, taking the market capitalization from N720 billion to N792.00 billion after the trading session, gaining N72.00 billion.
On Thursday, the company also recorded a 10% growth in share price which can be attributed to investors’ positive sentiment which triggered buy-interests in the shares of the company inducing a gain of N79.20 billion in market capitalization from N792 billion to N871.20 billion, at the close of trading activities on Nigeria’s stock exchange.
The shares of the FMCG advanced from N44.00 per share at the start of the trading day to N48.40 per share, the highest price traded at the close of the market, to represent a growth of 10.00% which in monetary terms is N4.40.
Stock performance summary
The rally witnessed in the shares of BUA Foods Plc positively impacted the company’s market capitalization from N720.00 billion to N871.20 billion at the end of the two trading sessions, taking the gain to N151.20 billion.
During yesterday’s trading hours, 11,289,437 ordinary shares of BUA Foods Plc worth about N544.69 million, were exchanged in 123 executed deals.
In comparison, the shares of UACN Plc appreciated by 5.56% to close at N9.50 per share, and Nestle Plc closed flat at N1,556.50.
What you should know
At the end of the day’s trading activities, the NGX All-Share Index and market capitalization appreciated by 0.30% from the previous trading day, to close at 43,607.94 index points and N23.50 trillion respectively.
