The Consumer Goods Index, which tracks the daily and weekly performance of quoted FMCG companies, depreciated by 0.05%, from 584.13 points the previous day, to 583.81 points, at the end of today’s trading session.
The decrease recorded in the consumer goods index was driven mainly by millers, Flourmill Nig Plc and NNFM Plc, which depreciated by 9.66% and 3.10% respectively.
Stock performance summary:
Flourmill Nig Plc
Flourmill Nig Plc share price declined from N29.00 to N28.10, reflecting a decrease of 3.10% at the end of the day’s trading session.
The decrease in share prices took the market capitalization down from N118.91 billion to N115.22 billion supporting a loss of N3.69 billion in market capitalization at the close of trading activities on the Nigerian Stock Exchange.
The shares of the most capitalized flour mill company has declined by 0.88% from year-to-date, starting the year at N28.35 and currently traded at N28.10. However, the shares of the company have returned about 4.07% gains for investors who bought them at their 52-week low trading price of N27.00 per share.
NNFM Plc
Northern Nigeria Flourmills Plc share price depreciated from N7.25 to N6.55, reflecting a decrease of 9.66% at the end of the day’s trading session.
The decrease in share prices of the FMCG took the market capitalization down from N1.29 billion to N1.17 billion bringing the loss to N124.74 million in market capitalization at the close of trading activities on the Nigerian stock exchange market.
The shares of NNFM have declined by 18.13% from year-to-date, starting the year at N8.00 and currently traded at N6.55. However, the shares of the company have returned about 33.67% gains for investors who bought them at their 52-week low trading price of N4.90 per share.
What you should know
At the end of yesterday’s trading activities, the NGX All-Share Index and market capitalization appreciated by 0.09% from the previous trading day, to close at 43,897.13 index points and N23.65 trillion respectively.
