Shares of BUA Foods Plc climbed to a new 52-week high on the Nigerian Exchange (NGX), cementing its position as one of the most valuable companies in the market. 

The rally was fueled by strong investor appetite, with many betting on the company’s earnings strength and the likelihood of attractive dividend payouts.

The consumer goods giant, majority-owned by billionaire industrialist Abdul Samad Rabiu, closed last week at ₦590 per share, up from a 52-week low of ₦355.50. The surge highlights renewed confidence in the stock, as investors piled into the counter despite overall market activity slowing down.

NGX maintains positive mood

The broader market also started the week on a bullish note, as the All Share Index rose by 0.31%, pushing year-to-date returns to 37.42%. Market capitalization jumped by over ₦284 billion, closing at ₦89.49 trillion.

Although total transaction volume and value fell sharply, the session still produced notable highlights. 

FCMB recorded the highest trading volume, while GTCO led in value terms. On the gainers’ chart, Julius Berger (JBERGER) outperformed, while UPL headed the losers’ table.

BUA foods outshines market heavyweights

What made headlines, however, was BUA Foods’ leap in market valuation. With a worth of nearly ₦10.34 trillion, the company has now overtaken some of Nigeria’s biggest corporates, including MTN Nigeria, Dangote Cement, and Airtel Africa.

In just the first seven months of 2025, BUA Foods’ market value has grown by 38.5%, making it the most valuable firm on the NGX. 

Analysts point to the company’s strong fundamentals, resilient consumer demand, and expectations of shareholder rewards as key drivers of the rally.

What investors think

Market watchers believe that the company’s growth story is far from over. As demand in the consumer goods sector remains strong, investors are positioning themselves for future returns. 

The possibility of dividend payouts in the near term continues to heighten interest in the stock, giving BUA Foods momentum even in sessions where broader trading slows down.