Presco and BUA Cement drove a N152 billion upswing in equity investors’ portfolios, largely due to their strong performance on the Nigerian Exchange. Here’s what’s behind their success:
Presco’s share price rose by 5.1%, with the company’s market capitalization standing at N1.26 trillion. As a leading agro-allied company with a strong focus on oil palm cultivation and processing, Presco’s integrated business model offers resilience and attracts investors seeking long-term value. Its strong operational metrics and market positioning make it a compelling choice for investors looking to tap into Nigeria’s real sector growth story.
BUA Cement’s share price increased by 5.2%, driven by ongoing infrastructure development projects and strategic investments in expanding production capacity. The company’s consistent growth trajectory and strong market positioning make it an attractive choice for investors seeking exposure to Nigeria’s industrial sector growth story. BUA Cement’s revenue surged by 90.5% to N876.5 billion in 2024, driven by increased dispatch volumes and prudent pricing strategies.
The Nigerian Exchange All-Share Index climbed 0.18% to close at 131,826.77 points, lifting the year-to-date return to 28.08%. Market capitalization rose to N83.39 trillion, reflecting sustained investor confidence in the domestic equities market. Presco emerged as the most traded stock by value, accounting for 14.43% of the total value of trades executed on the exchange, amounting to N3.1 billion.
