Flourmills Nigeria Plc's shares depreciate, loses N2 billion

Flour Mill Nigeria Plc's share price depreciated at the end of yesterday’s trading session, by 1.61% to close at N30.55 per share, taking the market capitalization to N125.27 billion.

The fall in share price which was documented by the FMCG company can be associated with investors’ pessimistic opinion which prompted sell-offs weighing down the company’s value by 161 basis points.

 In market capitalization; at the end of trading activities on Nigeria’s stock exchange, the sell-offs in the shares of the company resulted in a loss of N2.05 billion.

The shares of the aforementioned company declined from N31.05 per share at the onset of the trading day to N30.55 per share, the meagrest price traded at the end of the market, to depict a decline of 1.6,1% which in monetary terms is N0.50.

Summary Of Stock Performance

Flourmill Nig Plc's market capitalization as a result of the profit-taking witnessed has negatively influenced the shares of the company from N127.32 billion to N125.27 billion at the end of the day’s trading activities, taking the loss to N2.05 billion.

The shares of the company have gained 7.76% from year-to-date, starting the year at N28.35 and currently traded at N30.55. The company’s shares are currently trading 13.58% lower than their 52-week high at N35.35.

 Nevertheless, the shares of the company have yielded about 11.09% gains for investors who bought them at their 52-week low trading price of N27.50 per share.

During the day’s trading hours, 195,265 ordinary shares of Flourmills Nigeria Plc worth about N6 million, were exchanged in 29 executed deals.

What you need to know

On the verge of the day’s trading activities, the NGX All-Share Index and market capitalization appreciated by 0.19% from the previous trading day, to close at 46,777.37 index points and N25.22 trillion respectively.