TRADING activities on the floor of the Nigerian Stock Exchange closed on a negative note on Monday as NSE ASI depreciated by 0.14% to close at 29,136.85basis points, compared with the 0.87% depreciation recorded previously. Its Year-to-Date, YTD, returns currently stands at 15.93%.
Market breadth closed negative as AIICO led 11gainers against 27losers topped by Transexpress at the end of yesterday’s session- an unimproved performance when compared with previous outlook.
Market turnover closes positive as volume moved up by 20.05% against 20.05% decline recorded in the previous session. UBA, Zenith bank and FBNH were the most active to boost market turnover. UBA and Zenith bank top market value list.
Mansard leads the list of active stocks that recorded impressive volume spike at the end of yesterday’s session.
Flour Mills of Nigeria Plc said its pretax profit for the half-year period ended September 30, 2015 grew 318 percent to N24.110 from N5.773 billion posted a year ago.
Also, Profit After Tax, PAT, increased 449.88 percent to N24.10 billion from N4.37 billion declared the same period of 2014.
Revenue grew from N165.54 billion to N177.58 billion in the review period of 2015; showing a growth of 7.27 percent, according to Flour Mills Nigeria in a filing with the Nigerian Stock Exchange. NSE.
As at the time of filing this report, shares of the company are trading N21.16 kobo per share.


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