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Home Sectors Consumer Goods

Honeywell Flour gains N2.46 billion in market value, as share price appreciates by 9.78%

Chidinma Anyalewechi by Chidinma Anyalewechi
November 3, 2021
in Consumer Goods, Stock Market
Honeywell Flour Mills Plc: A 12-month glance into the Nigerian food manufacturing sector

Olanrewaju Jaiyeola, Managing Director, Honeywell Flour Mills

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At the end of today’s trading session, Honeywell Flour Mills Plc recorded impressive gain of 9.78% which can be attributed to buy-interests in the shares of the company which induced a gain of N2.46 billion in market capitalization at the close of trading activities on the stock market.

The shares of the mill advanced from N3.17 per share at the start of trading day, to N3.48 per share, the highest price traded at the close of the market, to represent an increase of 9.78% which in monetary terms is N0.31.

The buy-interests witnessed in the shares of Honeywell Flour Mills positively influenced the company’s market capitalization from N25.14 billion to N27.60 billion at the end of today’s trading activities, appreciating by N2.46 billion.

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Share performance history

The shares of Honeywell Flour Mills Plc have gained 190.00% from year-to-date, starting the year at N1.20 and currently trading at N3.48. However, the shares of the company have returned about 266.32% gains for investors who bought them at their 52-week low trading price of N0.95 per share.

During today’s trading hours, 5,214,367 ordinary shares of Honeywell Flourmills Plc worth about N16.92 million, were exchanged in 114 executed deals.

In comparison, the shares of Flourmills Plc and of Northern Nig Flourmills Plc remained unchanged to close at N29.20 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 depreciated by 0.09% from the previous trading day, to close at 41,975.45 index points and N21.91 trillion respectively.

The NGX Consumer Goods Index appreciated by 0.09% to close the day at 571.53 from 571.04 index points.

Tags: Honeywell Flour Mills Plc
Chidinma Anyalewechi

Chidinma Anyalewechi

For further inquiries about this article, contact: Email: chidinma.anyalewechi@nairametrics.com LinkedIn: linkedin.com/in/chidinma-anyalewechi-a323ab173/

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