The Nigerian Exchange Limited (NGX) has announced the listing by the introduction of BUA Foods Plc on the Main Board of the bourse, on Wednesday. Being the first listing at the bourse in the year 2022, a total of 18 billion ordinary shares of BUA Foods were listed at N40.00 per share under the Consumer Goods sector of NGX, with the trading symbol, BUAFOODS. The listing of BUA Foods’ shares has added N720 billion to the market capitalisation of NGX, further boosting liquidity in the Nigerian capital market and providing opportunities for wealth creation. BUA Foods is the result of the merger of BUA Group’s food business, comprising pasta, edible oil, sugar, rice and flour. Meanwhile, at the end of trading activities at the local bourse on Wednesday, BUA Foods stocks appreciated by 10.00 per cent or N4.00 to settle at N44.00 per share.

Source: Nigerian Tribune January 06, 2022 03:04 UTC