Honeywell Flour Mill rally gainers, tops share volume traded as NGX bulls hold run, Thursday

Bulls maintained grip for an unusual third consecutive run at the NGX, Thursday, which had seen a swinging trend with the bears all through last week and even into the early days of this trading week since Tuesday.

This is as market indices jumped by 0.11% or 41.6 points to close at 39,490.46 points as against 39,449.46 points at the close of trade on Wednesday.

Also market capitalisation gained by N21 billion to close higher at N20.574 trillion compared to N20.553 trillion on Wednesday.

Investors traded 570.20 million shares worth N2.28 billion in 3,764 deals.

The market sentiment, however, dropped as it recorded eight gainers and 24 losers at the close of trade, as against the 20 recorded during Wednesday’s trading.

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Honeywell Flourmill led the gainers chart with share price appreciation of N0.17k to close at N1.87k, followed by Wema Bank with N0.03k gain to close at N0.79k and Flour Mills Nigeria with N0.90k gain to close at N29.90k.

On the other hand, Skye Shelter Fund led the losers’ chart having lost N6.85k to close at N61.75k, Tripple Gee and Co followed with N0.09k loss to close at N0.88k, and then by Regency Alliance Insurance Company with N0.04k loss to close at N0.43k.

Remarkably, Honeywell Flour mill also topped volume of shares traded for the day with 384 million shares followed by Vitafoam Nigeria with N21.4 million shares.

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