At the end of Friday’s trading session, Flour Mills of Nigeria (FMN) Plc recorded a gain of 1.54%, which can be attributed to buy-interests in the shares of the company inducing a gain of N1.85 billion in market capitalization at the close of trading activities on the stock exchange market.
The shares of the FMCG company advanced from N29.15 per share at the start of the trading day, to N29.60 per share at the close of market on Friday, November 12, 2021, representing an increase of 1.54% which in monetary terms is N0.45.
The buy-interests witnessed in the shares of FMN Plc positively influenced the company’s market capitalization from N119.53 billion to N121.37 billion at the end of Friday’s trading activities, taking the appreciation to N1.85 billion.
Share performance history
The shares of FMN Plc have gained 13.85% from year-to-date, starting the year at N26.00 and currently traded at N29.60. However, the shares of the company have returned about 20.08% gains for investors who bought them at their 52-week low trading price of N24.65 per share.
During today’s trading hours, 16,336,682 ordinary shares of FMN Plc worth about N503.40 million, were exchanged in 70 executed deals.
In comparison, the shares of Honeywell Flour Mills Plc depreciated by 3.95% to close at N3.40 at the end of Friday’s trading session, while NNFM Plc remained unchanged to close at N8.00.
What you should know
At the end of Friday’s trading activities, the NGX All-Share Index and Market Capitalization depreciated by 0.68% from the previous trading day, to close at 43,253.01 index points and N22.57 trillion respectively.
However, the NGX Consumer Goods Index appreciated by 0.03% from 568.69 points to 568.87 points at the end of Friday’s trading session.