Wednesday, August 10

Flourmills Nigeria Plc trades shares worth over N1 billion, market cap up by N615 million


At the end of today’s trading session, Flourmills Nig Plc recorded a gain of 0.52%, which can be attributed to buy-interests in the shares of the company inducing a gain of N615.06 million in market capitalization at the close of trading activities on the stock exchange market.

The shares of the FMCG advanced from N29.00 per share at the start of trading day, to N29.15 per share representing an increase of 0.52% which in monetary terms is N0.15.

The buy-interests witnessed in the shares of Flourmills Plc positively influenced the company’s market capitalization from N118.91 billion to N119.53 billion at the end of today’s trading activities, taking the appreciation to N615.06 million.

Share performance history

The shares of Flourmills Plc have gained 12.12% from year-to-date, starting the year at N26.00 and currently traded at N29.15. However, the shares of the company have returned about 18.26% gains for investors who bought them at their 52-week low trading price of N24.65 per share.

During today’s trading hours, 50,595,395 ordinary shares of Flourmills Plc worth about N1.47 billion, were exchanged in 54 executed deals.

In comparison, the shares of Honeywell Flour Mills Plc also appreciated by 6.95% to close at N3.54 at the end of today’s trading session, while NNFM Plc remained unchanged to close at N8.00.

What you should know

At the end of today’s trading activities, the NGX All-Share Index and Market capitalization depreciated by 0.05% from the previous trading day, to close at 43,707.30 index points and N22.81 trillion respectively.

However, the NGX Consumer goods Index appreciated by 0.12% from 567.90 points to 568.59 points at the end of today’s trading session.



nairametrics.com