It has been more than a month since the latest earnings report for Flour Mills, and during this period, its shares have increased by about 7%.
The Consumer Goods Index depreciated by 0.54%, from 694.01 points the previous day, to 690.27 points, at the end of Tuesday’s trading session.
The joint market capitalization of the three flour millers on NSE gained a total N11.6 billion value this week.
The All Share Index (ASI) gained by 1.28% to close the week at 13,754.87 points.
A total of 325.61 million shares valued at N4.47 billion was traded in 5,647 deals on Friday. FBNH was the most traded stock by volume of 75.1 million units, while GUARANTY topped by value at N904.25 million.
Corporate issuers appear to be taking advantage of the unorthodox policies of the CBN to raise funds from the local debt market.
