Monday, January 17

Honeywell Flour Mill Plc gains N396 million in market value, appreciates by 1.47%

At the end of today’s trading session, Honeywell Flour Mill Plc share price appreciated by 1.47% to close at N3.45 per share, taking the market capitalization from N26.96 billion to N27.36 billion.

Honeywell Flour Mill Plc, today recorded an increase in share prices which can be attributed to investors’ positive sentiment which triggered buy-interests in the shares of the company supporting a gain of N396 million in market capitalization at the close of trading activities on Nigeria’s stock exchange.

The shares of the quoted FMCG company advanced from N3.40 per share at the start of the trading day to N3.45 per share, the highest price traded at the close of the market, to represent a gain of 1.47% which in monetary terms is N0.05.

Stock performance summary

The sell pressure witnessed in the shares of Honeywell Plc positively influenced the company’s market capitalization from N26.96 billion to N27.36 billion at the end of today’s trading activities, taking the gain to N396 million.

The shares of Honeywell Plc have gained 187.50% from year-to-date, starting the year at N1.20 and currently traded at N3.45. However, the shares of the company have returned about 219.44% gains for investors who bought them at their 52-week low trading price of N1.08 per share.

During today’s trading hours, 293,240 ordinary shares of Honeywell Flour Mill Plc worth about N1.02 million, were exchanged in 31 executed deals.

In comparison, the shares of Flour Mills Plc and NNFM closed flat at N28.30 and N8.00, respectively, at the end of today’s trading session.

What you should know

At the end of today’s trading activities, the NGX All-Share Index and market capitalization appreciated by 0.10% from the previous trading day, to close at 42,394.71 index points and N22.12 trillion respectively.

The NGX Consumer Goods Index appreciated by 0.03% to close the day at 550.57 from 550.41 index points.

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