By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Fresh bargain on Thursday halted the losing streak that has recently permeated the Nigerian equities market as all-share-index (ASI) inched up 0.58 percent to close the day at at 41,359.87 basis points (BPS), compared with the –0.28 percent declinerecorded previously.

Analysts at Proshare said its Year-to-Date (YTD) returns currently stands at +0.07 percent.

Proshare reports that in terms of sectoral indices the NSE Banking recorded 1.75 percent gain to emerge the most supportive sectoral performance in the pack; while the NSE Industry emerged the most hit to close at 0.38 percent.

In terms of market breadth, the Nigerian bourse at end of today’s transaction recorded 31 gainers led by brewing firm, Premier breweries Plc compared to 20 losers led by Northern Nigeria Flour Mills Plc an improved performance when compared with Wednesday’s session.

However, market turnover closed negative as volume dipped 32.12 percent compared to 117.25 percent reported in the previous session.

Sterling Bank Plc, Unity Bank Plc and Transnational Corporation of Nigeria Plc were the most active stocks to boost market turnover. While Guaranty trust Bank Plc and Zenith Bank Plc topped market value list.