The management of BUA Cement Plc are already on the Nigerian Stock Exchange (NSE) in commemoration of its listing.
BUA Cement Plc is listing after the just concluded merger between Cement Company of Northern Nigeria (CCNN) and Obu Cement.
The listing of BUA Cement broadens the number of stocks listed on the building materials/construction subsector of the Exchange.
The company will be honoured with a closing gong ceremony by 2:30 pm. BUA Cement is listing its stock when the bullish run continues on the Exchange driven by investors interest in value counters and positioning ahead of dividend yield amid full-year financials coming soon.
The listing of 33.9billion units of BUA Cement Plc at N35 per share adds about N1.2trillion to NSE market cap.