FTN Cocoa, McNichols drive N26.5bn gain for investors
Nigerian stock market investors gained N26.5bn as FTN Cocoa and McNichols led Tuesday’s trading, driving positive sentiment in agricultural stocks. Read More: https://punchng.com/ftn-cocoa-mcnichols-drive-n26-5bn-gain-for-investors/
The Nigerian Exchange Limited's trading session on Tuesday concluded positively, fueled by investor interest in agricultural and consumer goods stocks. Key equities like FTN Cocoa Processors Plc and McNichols Consolidated Plc experienced significant price surges, leading to a rise in the benchmark market capitalization. FTN Cocoa Processors Plc surged 10% to N8.25 per share, while McNichols Consolidated Plc followed suit with a 10% gain to N4.95 per share.
Other top gainers included Sunu Assurances Nigeria Plc, Sovereign Trust Insurance Plc, and Caverton Offshore Support Group Plc, each rising 9.94%, 9.57%, and 9.52% respectively. The May & Baker Nigeria Plc led in absolute price gains, increasing by N3.50 to close at N40.50. Notable performers in the Debt sector included the FGS202768 bond, which climbed 14.12% to N97.
Conversely, 19 equities faced price declines, with Tripple Gee and Company Plc leading the losers' chart, falling 9.72% to N2.60 per share. In the Exchange Traded Funds sector, the Meristem Value Exchange Traded Fund gained 7.84% to close at N150.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
