Northern Nigeria Flour Mills Climbs by 10% in Fresh Rally
Northern Nigeria Flour Mills (NNFM) stock market price experienced a remarkable surge today, climbing 9.99% to ₦79.8 per share. This pushed the miller’s market value to N14.22 billion, trading at fair discount to its 52-week high.
The significant price surge on Tuesday boosted its stock’s performance after maintaining a steady price of ₦72.55 over the past trading sessions.
Analysts said investors has priced its third quarter of 2025 earnings performance in its market value. The flour miller grew profit to N4.111 billion at the end of third quarter of 2025, up by 164% year on year from N1.555 billion in the comparable period in 2024.
Helped by increase prices of goods, Northern Nigeria Flour Mills revenue however grew by 35.4% year on year to N29.555 billion at the end of 9-month of 2025 from N21.828 billion in the comparable period.
With renewed investors’ appetite, the flour mills company share price climbed, reaching its highest point of the day at ₦79.8. Interestingly, this was also its lowest price for the day, indicating a rapid and stable increase in market valuation.
The sudden price movement was accompanied by a trading volume of 467,050 shares, reflecting renewed investor interest in NNFM. This volume, though lower than the 1,780,208 shares traded on March 14, indicates that demand remains strong.
The total value of the day’s transactions stood at ₦36.9 million, further highlighting the stock’s healthy liquidity in the equities market. NNFM was in a consolidation phase, maintaining a steady price of ₦72.55 in the past days with varying daily trading volumes.
This period of price stability signals an impending breakout, and the stock price movement today confirms that NNFM has broken past its resistance level. The stock now sits just below its 52-week high of ₦80.6, a critical resistance point. If it breaks above this level, we could see further gains.
The fact that NNFM’s daily high and low were both ₦79.8 indicates a single-direction move with no intraday volatility, a sign of strong institutional accumulation.
The consumer goods stock approaching its 52-week high of ₦80.6, indicates strong bullish momentum. Notably, the stock’s 52-week low stands at ₦31.35, meaning investors who bought at the lower end of the price range are now seeing substantial returns.
If the momentum continues, the stock could break its ₦80.6 resistance level, attracting further stock traders. However, market participants should watch for profit-taking, which could lead to minor pullbacks.
NNFM’s 9.99% increase signals strong bullish sentiment and investor confidence. With its trading volume and price action showing resilience, the stock will continue its upward trajectory in the coming sessions. #Northern Nigeria Flour Mills Climbs by 10% in Fresh Rally#
