Market moves further north by 0.44% as BUA Foods, others rally

For the second time this week, BUA Food Plc led the league of advancers on the Nigerian Exchange Limited (NGX) that drove the market to new high.

The Nigerian Exchange Limited All-Share Index (ASI) and Market Capitalisation increased further on Tuesday by 0.44 percent or N158billion from preceding day’s 65,202.41 points and N35.684 trillion respectively to 65,488.67 points and N35.842 trillion.

BUA Foods rose most after its share price moved from preceding day’s low of N152.90 to N165, up by N12.10 or 7.91percent.

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By Iheanyi Nwachukwu • August 23, 2023

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.