Northern Nig Flour Mills gains ₦240 million in market value, up 20% in two days

At the end of two trading sessions, Northern Nig Flour Mills Plc share price has appreciated by 20.60% to close at N7.90 per share, taking the Market capitalization from N1.17 billion on Thursday to N1.41 billion at the end of today’s session.

Northern Nig Flour Mills Plc shares recorded gains in prices on both days, attributed to investors’ positive sentiment which triggered buy-interests in the shares of the company supporting a gain of N240 million in market capitalization at the close of trading activities on the Nigerian Stock Exchange.

The shares of the quoted miller advanced from N6.55 per share at the start of trading day on Thursday, to N7.90 per share, the highest price traded at the close of the market on Friday, to represent a gain of 20.60% which in monetary terms is N1.35.

Stock performance summary

The buy-interests witnessed in the shares of NNFM positively influenced the company’s market capitalization from N1.17 billion to N1.41 billion at the end of today’s trading activities, taking the gain to N240 million.

The shares of the company have declined by 1.25% from year-to-date, starting the year at N8.00 and currently traded at N7.90. However, the shares of the company have returned about 61.22% gains for investors who bought them at their 52-week low trading price of N4.90 per share.

During today’s trading hours, 255,524 ordinary shares of Northern Nig Flour Mills Plc worth about N2.00 million, were exchanged in 16 executed deals.

In comparison, the shares of Honeywell Flour Mills Plc declined by 3.03% to close at N3.20 while the shares of Flourmills Nig Plc grew by 0.88% to close at N28.55 at the end of today’s trading session.

What you should know

At the end of today’s trading activities, the NGX All-Share Index and Market capitalization appreciated by 0.15% from the previous trading day, to close at 45,957.35 index points and N24.76 trillion respectively.

The NGX Consumer Goods Index appreciated by 0.33% to close the day at 564.47 from 562.62 index points.