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
