NSE: FTN Cocoa, Vitafoam lead losers as investors take profitability

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FTN Cocoa Processing Plc and Vitafoam Plc today led 29 othet losers on the Nigerian Stock Exchange, NSE, as investors take profits from gains made in the last four trading days. Nigerian Stock Exchange NSE Specifically, 31 losers emerged during the day compared to 28 gainers. FTN Cocoa and Vitafoam, which led the laggards, declined by five percent each to close at N0.38 and N2.85 receptively. Sovereign Trust Insurance closed as the second on the list, falling by 4.76 percent to close at N0.40 from N0.42, followed by Dunlop Plc with 4.76 percent decrease to close at N0.40 from N0.42. Cornerstone Insurance was the last on the top five losers’ table, dropping by 4.65 percent to close at N0.41 from N0.43 per share. Japaul Oil and Maritime Services Plc led the gainers, appreciating by 7.41 percent to close at N0.58 from N0.54, followed by First Aluminum Nigeria Plc, that went up by 4.65 percent to close at N0.45 from N0.43. Continental Reinsurance Plc ranked third, rising by 4.43 percent to close at N1.65 from N1.58 per share. NASCON Allied Industries Plc was up 4.32 percent to close at N22.95 from N22.00, while Jaiz Bank Plc ‘s shares rose by 4.30 percent to close at n0.97 from N0.93 per share.

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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).

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