Nigerian stocks hit 14-week high amid investors’ wild scramble for shares of flour makers

FTN Cocoa appreciated 10 per cent to close at N0.44. Honeywell Flour went up by 9.63 per cent to N2.05. Prestige Assurance rose to N0.48, notching up 9.09 per cent in the process.

UPDC added 8.85 per cent to end trade at N1.23. Japaul Gold completed the top 5, climbing by 8.51 per cent to N0.51.Cutix was the worst performing stock, declining by 9.91 per cent to close at N5. Juli shed 9.90 per cent to close at N0.91. Sovereign Insurance fell to N0.26, losing 7.41 per cent. Veritas Kapital slumped to N0.22, recording 4.35 per cent decline. Courteville closed at N0.24, going down by 4 per cent.Flour Mills was the most active stock with 52.5 million shares worth N1.6 billion traded in 122 deals. Honeywell Flour traded 15.5 million shares priced at N31.6 million in 169 transactions.

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