Stocks Open New Week With N46billion Loss

The equity segment on the Nigerian stock market resumed trading in the new week on Monday, March 14, with N46 billion loss to profit taking.

Market turnover however closed positive as volume moved up by 5.40 per cent against 46.71 per cent decline recorded in the previous session.

At the end of the trading, Guaranty Trust Bank Plc led the most traded stocks with 21.586 million unit of shares worth N363.643 million followed by Zenith Bank Plc with 20.566 million shares at N264.291 million, Diamond Bank Plc with 14.203 million shares valued at N20.291 million, Oando Plc with 14.194 million shares at N77.885 million and Transnational Corporation of Nigeria Plc with 13.102 million shares worth N15.336 million.

Market breadth also closed positive as Conoil Plc led 16 gainers against 23 losers topped by 7-Up Bottling Company of Nigeria Plc at the end of the trading which was an unimproved performance when compared with previous outlook.