Stock Market

BUAFOODS hits 52-Week High value of N11.33tn

Published

3 months ago

September 16, 2025

Trading at a record high, BUA Foods Plc has once again captured the spotlight on the Nigerian Exchange (NGX), maintaining a strong bullish sentiment and momentum following a remarkable shareholder payout. The company announced its shareholders approved N13 dividend per share at the annual meeting, and this action resulted a spike in bargain hunting in the local bourse on Monday. With N11.334 trillion in market value at the close of trading session, the latest rally boosted BUA Foods share price to N629.7, its highest value in the last 52 weeks in the stock market. The company’s performance continues to draw attention across investor circles and market analysts, particularly after the Group Chairman, Abdul Samad Rabiu, pocketed a staggering N216 billion, representing 95% of the total dividend declared by the company for FY 2024 a singular, unprecedented payout that underscores the Group’s strong earnings capacity and cash flow sustainability. This dividend announcement has not only reinforced investor confidence but also repositioned BUA Foods as one of the most rewarding stocks in the consumer goods sector. The ripple effect of this payout, especially in the context of Nigeria’s evolving macroeconomic landscape, has translated into a robust upward movement in the company’s share price. Last week, BUA Foods’ stock price surged to close at N590, signaling bullish traction in a market that has been relatively mixed in recent sessions.
This rally continued into today’s intraday trading, with the stock appreciating by N6.74 per share, closing at N629.70 on Monday, September 15, 2025. The momentum places BUA Foods among the top-performing stocks on the NGX, underlining strong buy-side interest and an uptick in institutional accumulation. What is fueling this upward narrative is not merely the dividend payout. Rather, it is the broader, structural growth story. BUA Foods’ expansion strategy across its flour, sugar, pasta, and race segments has provided a formidable hedge against market volatility and economic shocks. These sectors, critical to Nigeria’s food security framework, position BUA Foods not just as a manufacturer but as a national enabler of food sufficiency.
Investments in modern processing facilities, logistics infrastructure, and backward integration have enhanced the company’s operating leverage and cost efficiency. Moreover, the company’s increasing finance income, alongside improved profit before tax (PBT) and profit after tax (PAT) metrics, demonstrate prudent financial management and sustainable profitability. BUA Foods has maintained a healthy balance sheet, marked by growing retained earnings and modest borrowings, a rare achievement in today’s high-interest-rate environment. The company’s capital structure reflects discipline in debt management while leveraging its cash-generating ability to finance expansion organically.
This financial prudence has not gone unnoticed by investors and market watchers, especially those seeking defensive stocks with consistent dividend yields and long-term capital appreciation.
Another compelling aspect of BUA Foods’ strategy is its alignment with Nigeria’s national food security objectives. The company’s continuous support in improving local food production and reducing import dependency is both a socio-economic and strategic differentiator. This aligns with ESG (Environmental, Social, and Governance) considerations, further boosting the company’s attractiveness to both local and foreign institutional investors with ESG mandates. BUA Foods’ Q1 and Q2 2025 financial results have reinforced its growth trajectory, with double-digit revenue growth year-on-year. Operating margins have improved due to scale efficiencies, while bottom-line growth reflects operational excellence and an expanding market footprint.
The company’s earnings performance has provided a solid foundation for analysts’ upward revisions in full-year forecasts, further justifying the rising share price and bullish sentiment. Considering BUA Foods’ strategic positioning, earnings resilience, and dividend reliability, analysts continue to recommend the stock as a ‘Strong Buy’, particularly for long-term investors seeking exposure to Nigeria’s consumer goods sector. The company’s valuation still presents upside potential, especially when benchmarked against regional peers and given the continued upward earnings revisions. The current share price reflects confidence but not yet exuberance, suggesting there is still room for further appreciation as earnings per share (EPS) expand and return on equity (ROE) remains solid. BUA Foods has emerged as a premium brand in the Nigerian FMCG sector, not just for its products but for its value proposition to shareholders. As Nigeria continues its quest for food self-sufficiency, BUA Foods remains not just a stock to watch but a stock to hold.

Stock Market

NGX equity investors gain N97bn

Published

2 days ago

December 4, 2025

Business News Report

NGX market capitalisation inched up on Thursday as equity investors gained more than N92 billion in a wide price upswing that has lasted for three days. Trading activities closed on a positive note, and the bargain hunting boosted key market performance indicators by 0.10%. The stock market index, or the All-Share Index, increased by 152.28 basis points, or 0.10%, to close at 145,476.15 basis points.

Also, NGX market capitalisation climbed by ₦97.06 billion to close at ₦92.73 trillion. Despite the negative breadth, the market rally reflects investors’ continued caution in the stock market. Stockbrokers reported buying interest in selective stocks including OANDO, WAPIC, UACN, TRANSCORP, GTCO, and others across all sectorial indexes.

In contrast, market activities inched lower as the total volume of all trades and their combine value by -14.15% and -8.47% respectively. Today, approximately 1,932.45 million units valued at ₦19,192.53 million were transacted across 23,369 deals.

FIDELITYBK was the volume driver, accounting for 9.04% of all stocks volume executed in the local bourse, followed by GTCO (8.25%), ZENITHBANK (7.90%), ETI (6.38%), and ACCESSCORP with 5.16%.
GTCO topped value chart, accounting for 19.52% of total value of all trades executed on the exchange – the highest traded on the exchange.
UACN led gainers chart, up by +10.00%, trailed by MORISON (+9.94%), ETI (+8.53%), WAPIC (+8.47%), MANSARD (+7.75%), FTNCOCOA (+7.10%), and seventeen others.

A total of twenty-eight (28) stocks depreciated, according to market report released by Atlass Portfolio Limited. With a price depreciation of -10.00%, ELLAHLAKES and EUNISELL both topped the worst performers’ chart, followed by TRANSCOHOT (-9.95%), OMATEK (-9.23%), GUINEAINS (-8.46%), and CAP (-6.16%).

Hence, the market breadth closed on a negative note, as there were 23 gainers and 28 losers. The sectoral performance was positive, as all five major market sectors appreciated. The insurance sector led with an increase of +1.56%, followed by the banking sector (+0.91%), the industrial goods sector (+0.48%), the consumer goods sector (+0.28%), and the oil & gas sector (+0.08%).

Stock Market

Stock market investors gain N252bn as NGX Index rises 27 bps

Published

3 days ago

December 3, 2025

Business News Report

Nigerian Exchange (NGX) continued its upward trajectory on Wednesday, with the All-Share Index climbing by 0.27% to reach 145,323.87 points. NGX market capitalisation rose to ₦92.38 trillion as equities investors gained N252 billion. The market demonstrated positive momentum, reflected in a breadth ratio of 1.9x, with 30 stocks posting gains compared to 16 that declined, stockbrokers said. The bullish momentum was fuelled by interest in some oversold stocks across key sectors. Among the top performers were GUINNESS, NCR, NGXGROUP, MULTIVERSE, and SKYAVN, while VERITASKAP, LASACO, PRESTIGE, ROYALEX, and ETI experienced the most significant declines.

Stockbrokers also noted positive price movement in BUACEMENT, UBA, GUINNESS, WEMABANK, STERLINGNG, among others. The All-Share Index added 395.51 basis points to close at 145,323.87 basis points. Trading metrics presented contrasting patterns as the volume of shares traded jumped dramatically by 271.27% to 2.25 billion units, and the number of transactions increased 45.45% to 21,513 deals. Conversely, the total value of transactions dropped 47.17% to ₦20.97 billion. ACCESSCORP emerged as the most traded stock, accounting for 13.60%, followed by ZENITHBANK (13.17%), GTCO (8.70%), STERLINGNG (6.27%), and FIDELITYBK with 5.25%.

ZENITHBANK topped the value chart, accounting for 20.54% of the total value of all trades executed in the local bourse. GUINNESS led the performers chart, gaining +10.00%, trailed by NCR (+9.98%), NGXGROUP (+9.96%), MULTIVERSE (+9.95%), SKYAVN (+9.74%), OMATEK (+5.69%), and twenty-four others. A total of fifteen (15) stocks depreciated, according to data obtained from the local bourse. With a price depreciation of -4.47%, VERITASKAP topped the worst performers’ chart, followed by LASACO (-3.77%), PRESTIGE (-3.03%), ROYALEX (-2.56%), ETI (-1.88%), and CORNERST (-1.75%). Hence, the market breadth closed on a positive note, as there were 30 gainers and 15 losers, stockbrokers reported.

Sector performance showed varied results: the Banking sector led with a 0.65% gain, followed by Industrial Goods which rose 0.47%; Consumer Goods up 0.38%; and Insurance advancing 0.27%. In contrast, the Oil & Gas sector fell 0.47% and Commodities declined 0.24% Ikeja Hotels hits highest valuation in 52 weeks gaining 45 per cent

Stock Market

NGX investors lose N129bn in one week

Published

6 days ago

November 30, 2025

Business News Report

The NGX All-Share Index fell by 0.14 per cent to 143,520.53, while market capitalisation closed at N91.286 trillion for the week.

This, compared with 143,722.62 points and N91.415 trillion recorded in the previous week, reflects weaker sentiment across the market.

Investors “lost about N129 billion this week as profit-taking continued across major counters”. Most indices closed lower, except NGX CG, NGX Premium, NGX Banking, NGX Pension, NGX AFR Div. Yield, NGX AFR Bank Value, NGX MERI Growth, NGX MERI Value, NGX Lotus II, NGX Growth and NGX Sovereign Bond.

These indices appreciated between 0.01 per cent and 0.94 per cent, showing selective interest in defensive stocks. Turnover rose to 4.140 billion shares worth N115.889 billion in 102,351 deals, higher than 2.668 billion shares valued at N106.264 billion last week.

The financial services industry led activity with 3.358 billion shares worth N81.175 billion in 43,392 deals.

This represented 81.10 per cent of total volume and 70.05 per cent of total value traded during the week.

The services industry followed with 148.272 million shares worth N1.319 billion exchanged in 7,181 deals. The consumer goods sector placed third with 143.638 million shares worth N7.988 billion in 12,099 trades.

Cornerstone Insurance, GTCO and Access Holdings accounted for 2.005 billion shares worth N47.535 billion in 10,185 deals.

These three stocks contributed 48.43 per cent of total turnover volume and 41.02 per cent of total value.

Thirty-eight equities gained during the week, up from 20 recorded previously, while 36 declined, compared with 60 in the prior week.

Seventy-three equities remained unchanged, higher than 67 posted in the previous trading week. Ikeja Hotel, NCR Nigeria, UACN, CWG and Veritas Kapital emerged top gainers, advancing by N9.40, N13.55, N8.90, N1.90 and 18k, respectively.

Meyer, Sunu Assurances, UPDC, Tantalizer and Abbey Mortgage Bank topped the losers’ chart, shedding N3.05, 68k, 68k, 26k and 65k, respectively.

The NGX disclosed the listing of 243,424 additional units of the Chapel Hill Denham Nigeria Infrastructure Debt Fund.

It said, “The additional units arose from the Fund’s 2025 Q3 scrip dividend distribution to qualifying holders.”

The NGX added that the Fund’s total units have increased to 1,056,257,953 following the fresh listing.

The exchange also confirmed the extension of VFD Group’s Rights Issue following SEC approval. It said trading in the company’s rights “will now close on Friday, December 26.”