Negative Closing For Honeywell Stocks
Honeywell Flour Mills (HFMP), a subsidiary of the Honeywell Group, is a major flour milling company in Nigeria and was initially registered as Gateway Honeywell Flour Mills Limited in 1985. Its entry into the flour milling industry in Nigeria redefined the sector’s standards and compelled an improvement in the quality of the products by other players. Over the years HFMP has emerged as a market leader in milling, processing & packaging of flour and other wheat-based products. Its parent body, Honeywell Group, a foremost indigenous Nigerian conglomerate is engaged in foods and Agro-Allied, Energy, Real Estimate Services, and infrastructure.
4th November Stock Exchange Index table
On 4th November 2020 however, Honeywell opened its stock with 1.03 index and closed with 1.02. This indicates that stock was bought at a certain price, but ended the day at a lower closing price. Honeywell experienced an unrealized loss in the day’s stock. It is unrealized because it is only a potential loss compared with the closing price. Usually, when a stock experiences a negative closing, it is said to be in the red. This is because most electronic trading applications around the world represent a negative closing of a stock’s price in red colour. It is indicative of a loss in the stock’s value at the end of that trading day. If, however, the stock’s price closed higher than its opening price in the market, it is said to have experienced a positive closing and is highlighted in green, indicating an increase in value.
It has a percentage change of -0.97 per cent. For an index or average, change is the difference between the current value and the previous day’s market close. Honeywell has a total trading volume of 2,561,389 shares at a value of 2,608,787.62.
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