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The last month wasn’t particularly good for the FTSE 250, but it was brilliant for construction company Morgan Sindall Group (LSE: MGNS).
It’s the best-performing stock on the index end over that period, its shares spiking 29.54%. This isn’t a one-off either. The Morgan Sindall share price has more than doubled over the last year, rising 105.11%.
The shares are smashing it today
Over five years, it’s up a blockbuster 197.12%. To put that into perspective, the FTSE 250 climbed just 3.56% during what was a volatile period for stock markets, thanks to Covid and the cost-of-living crisis.
That’s just one reason why I prefer to buy individual shares rather than index trackers. When they fly, they can really fly. Of course the opposite can happen too.
Morgan Sindall’s latest share price explosion followed an update on 22 October stating that full-year profits would…
