By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-All-share index (ASI) at the Nigerian Stock Exchange (NSE) on Wednesday gained 0.56 percent to close at 38,994.16 points, while market capitalisation grew by N111.26 billion to close at N12.92 trillion as bullish trading continues.

Current year-to-date (YTD) returns stands at a negative 5.36 percent at the end of trading on the Nigerian equities market.

Cordros daily market update reported that the bullish trading which persisted on the Nigerian bourse is as a result of sustained demand in all the sectors.

In terms of sector performance at the end of the session’s transactions, all five (5) NSE indices ended on a positive note at the Nigerian equities market .The Banking index led the chart with a 1.32 percent gain. The Consumer Goods, Industrial and the Insurance indices also increased by 0.66 percent, 0.21 percent and 0.12 percent respectively, while the Oil and Gas rose marginally by 0.06 percent, Cordros update affirmed.

Similarly, market breadth at the Nigerian bourse remained positive as 26 gainers offsets 19 losers. Following the previous session, construction giant, Costain West Africa Plc led the gainers table; while soap makers Unilever Nigeria Plc led the losers chart.

Volume traded dropped by 45.24 percent to trade at 193.24 million shares, valued at N2.66 billion and traded in 4,302 deals.

‘’We expect the bullish momentum to extend into tomorrow’s session, given the attractive level of share prices,’’ the Cordros report said.