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Honeywell flour gains N1.35 billion in market value, breaks 52-week high record ~Omonaijablog

At the end of Thursday’s trading session, Honeywell Flourmills Plc recorded an immense gain of 10.00% which can be attributed to buy-interests in the shares of the company, inducing a gain of N1.35 billion in market capitalization at the close of trading activities on the Nigerian Stock Exchange.

Honeywell Flour’s share price reached a new high, breaking its 52-week high record of N1.76 per share.

The shares of the consumer goods company advanced from N1.70 per share at the start of the trading day, to N1.87 per share, the highest price traded at the close of the market, to represent an increase of 10.00% which in monetary terms is 17 kobo.

The buy-interests witnessed in the shares of Honeywell Flourmills positively influenced the company’s market capitalization from N13.48 billion to N14.83 billion at the end of the day’s trading activities, taking the appreciation to N1.35 billion.

The shares of Honeywell Flourmills Plc have gained 55.83% from year-to-date, starting the year at N1.20 and currently traded at N1.87. However, the shares of the company have returned about 112.5% gains for investors who bought them at their 52-week low trading price of N0.88 per share.

During yesterday’s trading hours, 384,071,393 ordinary shares of Honeywell Flourmills Plc worth about N654.16 million, were exchanged in 220 executed deals.

In comparison, the shares of Flour Mills of Nigeria Plc grew by 3.10% to close at N29.90, while the share price of Northern Nig Flourmills Plc remained unchanged to close at N7.35 at the end of Thursday’s trading session.

What you should know
At the end of Thursday’s trading activities, the NGX All-Share Index and Market capitalization appreciated by 0.11% from the previous trading day, to close at 39,490.06 index points and N20.57 trillion respectively.

The NGX Consumer Goods Index depreciated by 0.02% to close the day at 594.23 from 594.35 index points.

Source: Nairametrics

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