Trading activity in Honeywell Flour Mills Plc surged on Wednesday as investors exchanged 75.96 million shares worth N2.59 billion.
The heavy turnover on November 11, 2026, followed a sustained rally in Honeywell Flour shares that has attracted increased investor attention in recent trading sessions.
Honeywell Flour emerged as the best-performing stock on the NGX in the week ended November 6 after gaining 30.82%.
The rally continued this week with the company’s share price jumping another 9.90% from N29.30 to N32.20 on Tuesday, November 10.
Wednesday’s turnover of 75.96 million shares therefore represents a significant increase in activity around the stock following its rapid appreciation.
The shares traded during the session were valued at approximately N2.59 billion, implying an average transaction price of about N34.13 per share.
The surge in volume suggests that Honeywell Flour has become one of the major centres of investor activity on the Exchange as market participants reposition following the stock’s recent gains.
The company’s 75.96 million shares traded were almost double the 38.23 million shares recorded by GTCO, which ranked second among the day’s most actively traded equities by volume.
GTCO nevertheless recorded a higher transaction value of N4.57 billion.
Sovereign Trust Insurance followed with 28.55 million shares worth N70.39 million, while Champion Breweries recorded 24.50 million shares valued at N249.05 million.
Access Holdings completed the five most actively traded stocks with 23.08 million shares worth N629.72 million.
Honeywell Flour’s elevated activity came during a weaker session for the broader equities market.
The NGX All-Share Index declined 0.18% to 251,861.24, while equity market capitalisation fell by approximately N293.43 billion to N163.531 trillion.
Total market turnover also dropped to 418.35 million shares worth N22.83 billion.
This means Honeywell Flour alone accounted for approximately 18.2% of all shares traded on the NGX during Wednesday’s session.
The concentration of activity in Honeywell Flour following its recent price surge places the stock firmly among the equities to watch as investors determine whether the recent rally can sustain its momentum or trigger increased profit-taking.