Nigerian Exchange Limited

Stock of Honeywell Flour Mills Appreciates by 28.13 Percent to N2.05 in One Week

Honeywell Flour Mill Plc investors are some of the few investors smiling to the bank this week as the price of the company’s stock appreciated by 28.13 percent or N0.45 from N1.60 last week to close at N2.05 a share this week.

During the week, investors traded 9,020,791.00 shares of Honeywell Flour Mill Plc on Monday at N1.6 a unit.

The price rose by N0.6 to N1.66 on Tuesday despite investors trading just 3,430,476.00 shares. The stock continues to move higher with renewed interests in the company. Price rose to N1.7 a unit on Wednesday with 1,902,232.00 trading volume.

On Thursday and Friday, the shares rose to N1.87 and N2.05 as investors transacted 384,071,393.00 and 15,486,569.00 shares, respectively.

The company broke its 52-week record-high of N1.76 a share to set a new one at N2.05 a share.

Honeywell Flourmills market capitalisation rose to N16.257 billion, up from N14.83 billion it closed on Thursday.
Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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Samed Olukoya
3 years ago

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