Consumer goods stocks like that of Honeywell Flourmills Plc closed higher at the end of last week's transactions on the Nigerian Exchange Limited (NGX).
At the end of yesterday’s trading session at Nigeria’s stock exchange, Honeywell Flour Mills Plc recorded a loss of 8.00% amounting to N1.03 billion in market capitalization which can be attributed to sell-offs in the shares of the company.
The shares declined from N1.67 per share at the start of the trading day, to N1.54 per share, N0.02 higher than the lowest price traded at the close of the market yesterday.
The sell-offs witnessed in the company shares negatively influenced the company’s market capitalization from N13.24 billion to N12.21 billion at the end of trading activities, taking the depreciation to N1.03 billion.