Honeywell Flour Mills Plc lost 5.17% today following a sell-off in the shares of the consumer goods company which triggered a loss of N714 million in market value at the close of trading activities on the Nigerian Stock Exchange.
At the close of the market today, the shares of Honeywell Flour Mills declined from N1.74 per share at the start of trading day, to N1.65 per share, the highest price traded at the close of the market, to represent a loss of 5.17%.
This dragged down the company’s market capitalization from N13.80 billion to N13.09 billion at the end of today’s trading activities, taking the loss to N714 million.
Shares of Honeywell Flour Mills Plc have gained 37.50% from year-to-date, starting the year at N1.20 and currently traded at N1.65. The FMCG’s shares are currently trading 6.25% lower than their 52-week high of N1.76 per share. However, the shares of the company have returned about 87.50% gains for investors who bought them at their 52-week low trading price of N0.88 per share.
During today’s trading hours, 989,734 ordinary shares of Honeywell Flour Mill Plc worth about N1.65 million, were exchanged in 100 executed deals.
In comparison, the shares of Northern Nig Flourmill Plc closed flat at N6.15 while the shares of Flour Mills Plc gained 3.02% to close at N30.75 at the end of today’s trading session.
What you should know
- At the close of trading activities today, the NGX All-Share Index and Market capitalization appreciated by 0.47% to close at 38,849.08 index points and N20.24 trillion respectively.
- The NGX Consumer Goods Index appreciated by 0.28% to close the day at 598.97 index points.