The Consumer Goods Index, which tracks the daily performance of quoted FMCG companies, appreciated by 0.69%, from 559.85 points the previous day, to 563.69 points, at the end of the day’s trading session.
The increase recorded in the consumer goods index was driven mainly by Dangote Sugar Plc, BUA Foods, and Flourmill Nig Plc which appreciated by 7.35%, 4.21%, and 0.18% respectively.
Stock performance summary
BUA Foods Plc
BUA Foods Plc share price appreciated from N61.80 to N64.40, reflecting an increase of 4.21% at the end of the day’s trading session.
The increase in share prices of the company reflected in the growth of the market capitalization from N1.11 trillion to N1.16 trillion bringing the gain to N46.80 billion in market capitalization at the close of trading activities.
The shares of BUA Foods have appreciated by 61% from the day of listing, starting at N40.00 and currently traded at N64.40. However, the shares of the company have returned about 60% gains for investors who bought them at their 52-week low trading price of N40.25 per share.
Flourmill Nig Plc
Flourmill Nig Plc share price grew from N28.25 to N28.30, reflecting a growth of 0.18% at the end of the trading session.
The increase in share prices took the market capitalization up from N115.84 billion to N116.04 billion supporting a gain of N205.02 million in market capitalization at the close of trading activities on the Nigerian Stock Exchange.
The shares of the most capitalized flour mill company have declined by 0.18% from year-to-date, starting the year at N28.35 and currently traded at N28.30. However, the shares of the company have returned about 4.81% gains for investors who bought them at their 52-week low trading price of N27.00 per share.
Dangote Sugar Plc
Dangote Sugar Plc share price appreciated from N17.00 to 18.25, reflecting a growth of 7.35% at the end of the day’s trading session.
The increase in share prices of the sugar refinery took the market capitalization from N206.50 billion to N221.68 billion bringing the gain to N15.18 billion in market capitalization at the close of trading activities on the Nigerian stock market.
The shares of Dangote Sugar Refinery have appreciated by 4.89% from year-to-date, starting the year at N17.4 and currently traded at N18.25. However, the shares of the company have returned about 21.67% gains for investors who bought them at their 52-week low trading price of N15.00 per share.
What you should know
At the end of yesterday’s trading activities, the NGX All-Share Index and market capitalization appreciated by 0.58% from the previous trading day, to close at 44,655.89 index points and N24.06 trillion respectively.
