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/
On Tuesday, the Nigerian Exchange Limited saw positive trading activities as investors sought out stocks in the agricultural and consumer goods sectors. The benchmark market capitalization increased due to gains in major equities. FTN Cocoa Processors Plc and McNichols Consolidated Plc led the charge, each recording a maximum daily price surge.
FTN Cocoa Processors Plc increased by 10% to close at N8.25 per share, while McNichols Consolidated Plc enjoyed a 10% rise, closing at N4.95 per share. Other top performers included Sunu Assurances Nigeria Plc, Sovereign Trust Insurance Plc, and Caverton Offshore Support Group Plc, all seeing gains above 9%. May & Baker Nigeria Plc led in absolute price increases, amassing N3.50 to close at N40.50.
Notably, 19 equities experienced price declines, with Tripple Gee and Company Plc leading the losers at a loss of 9.72%. A total of 651,240,201 shares were traded across 43,674 deals in the main equity market. In the Exchange Traded Funds sector, Meristem Value Exchange Traded Fund was among the gainers, surging 7.84% to close at N150. In the Debt sector, the FGS202768 bond climbed 14.12% to close at N97.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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