Flour Mill Plc loses N3 billion in market value in one day


At the end of the day’s trading session, the market value of Flour Mill Plc depreciated by 1.60% to close at N40.75 per share, pushing the market capitalization up to N169.96 billion. to N167.09 billion.

Flour Mill Plc recorded a decline in share price, which can be attributed to negative investor sentiments, which triggered selling pressures on the company’s shares, leading to a loss of N2.87 billion in market capitalization market at the close of trading. on the Nigeria Stock Exchange.

The quoted miller’s share price fell from N41.45 per share at the start of the trading day to N40.75 per share, the highest price traded at market close, to represent a decline of 1, 69%, which in monetary terms is N0.70.

Summary of stock performance

  • The profit taking seen on Flourmills Plc shares negatively impacted the company’s market capitalization from N169.96 billion to N169.09 billion at the end of the trading activities of the company. day, bringing the loss to N2.87 billion.
  • Shares in the company have gained 43.74% year-to-date, starting the year at 28.35 Naira and are currently trading at 40.75 Naira. However, the company’s shares generated gains of around 48.18% for investors who bought them at their 52-week low trading price of N27.50 per share.
  • During the day’s trading hours, 2,665,139 common shares of Flourmills Plc worth approximately N105.97 million were traded in 192 trades executed.
  • By comparison, shares of Honeywell Flourmills Plc and NNFM Plc gained 2.13% and 9.55% to close at N3.83 and N10.90 at the end of today’s trading session.

What you should know

  • At the end of yesterday’s trading activities, the NGX All-Share Index and market capitalization depreciated 0.29% from the previous trading day to close at 52,944.09 index points and 28 .54 trillion naira, respectively.
  • The NGX consumer goods index fell 0.62% to close the day at 694.01 versus 698.32 index points.

Source link


About Author

Comments are closed.