By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-At the close of business Wednesday at the Nigerian bourse, equities rebounded as all share index (ASI) climbed up 0.56 percent to close the day at 41,627.43 points.

The equities market rebounded holding on the back of price rallies in the industrial services sector which led the sectoral indices as it appreciated by 4.66 percent.

Second is the banking index and consumer goods index followed by posting returns of 0.68 percent and 0.48 percent respectively.

While the oil/gas and insurance indices declined by 2.34 percent and 0.41 percent respectively.

Market capitalisation gained N75.86 billion to close at N13.75 trillion; amid price increases in the shares of Dangote Cement Plc, Nigerian Breweries Plc, Mobile Nigeria Plc and Lafarfe Wapco Cement Nigeria Plc.

Reports say that trading volume rose by 28.86 percent to 430.92 million shares, valued at N6.52 billion and traded in 5,569 deals.

Cordros Capital analysts say they expect the momentum in the market to persist in the short-term although cannot rule out profit-taking activities in Thursday’s session.

The Nigerian bourse closed with 25 companies on the gainers list, while 29 were on the losers list at the close of business Wednesday June 04 2014.