Honeywell Flour Extends Rally to 50% as Share Price Hits N26.85

Honeywell Flour Mills Plc extended its recent rally on Thursday as its share price jumped 9.82% to N26.85, bringing its gain from N17.90 to exactly 50%.

The stock gained N2.40 from its previous closing price of N24.45 on November 5, 2026, placing it among the top-performing stocks on the Nigerian Exchange despite a sharp decline in the broader equities market.

Honeywell Flour’s latest advance builds on the strong performance recorded in the week ended October 30, when its share price rose 25.98% from N17.90 to N22.55.

Since then, the rally has continued, pushing the stock above the N22.55 weekly closing level to N26.85.

At the latest price, Honeywell Flour has added N8.95 per share from N17.90, representing a 50% appreciation over the period.

The stock has also gained N4.30 or approximately 19.1% from its October 30 closing price of N22.55.

The continued advance comes after Honeywell Flour attracted significant trading activity earlier in the week. On November 2, 74.19 million shares valued at approximately N1.79 billion changed hands, making it the most actively traded stock by volume during that session.

Thursday’s gain was particularly notable because it occurred during a broad market selloff.

The NGX All-Share Index declined 1.98% to 249,710.59, while equities market capitalisation fell by approximately N3.28 trillion to N162.13 trillion.

Honeywell Flour nevertheless advanced 9.82%, making it one of the few stocks to record a near-double-digit gain during the session.

The latest movement extends the stock’s strong run beyond the previous week’s 25.98% appreciation with Honeywell Flour now trading 50% above the N17.90 level from which the recent rally began.