In the upper echelons of the Nigerian Exchange Limited (NGX), market forces usually dictate the rhythm of stock prices – but BUA Foods Plc operates on an entirely different playlist. Despite sitting comfortably as one of the market’s most valuable consumer goods powerhouses, the stock displays a peculiar, almost frozen stoicism during broader market rallies and sell-offs. The reason is an open secret among institutional investors: an ultra-tight free float safely locked away under the direct ownership of its billionaire founder Abdul Sama
In the upper echelons of the Nigerian Exchange Limited (NGX), market forces usually dictate the rhythm of stock prices – but BUA Foods Plc operates on an entirely different playlist. Despite sitting comfortably as one of the market’s most valuable consumer goods powerhouses, the stock displays a peculiar, almost frozen stoicism during broader market rallies and sell-offs. The reason is an open secret among institutional investors:
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