By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Nigerian stocks on Thursday halted its three (3) day bullish run as all-share index declined 1.36 percent to close at 30,200.97 points, while market capitalisation plunged by N121.36 billion to close at N10.08 trillion.

With this trend, current Year-to-Date (Y-t-D) returns at the Nigerian Stock Exchange (NSE) stands at a negative 12.86 percent.

This is coming on the heels of declines in the Sectoral indices’ as Cordros market update reports that the Insurance index emerged the only Sectoral index gainer recording a 0.46 percent gain.

On the contrary, the Banking and Consumer Goods indices depreciated by 2.08 percent and 1.35 percent respectively. Similarly, the Industrial Goods and Oil/Gas index declined by 0.46 percent and 0.42 percent respectively.

Market breadth at the Nigerian bourse closed on a negative note as 19 gainers and 32 losers were recorded. Brewer, Champion Breweries Plc emerged top gainer with a gain of 0.63 kobo; while Flour Mills of Nigeria Plc led the losers chart with a loss of N1.90.

In terms of turnover, volume traded on the Nigerian bourse climbed up by 2.46 percent to 477.49 million shares, valued at N3, 962 billion and traded in 4,417 deals.

“Bearish sentiments will likely continue, as positive catalysts remain unseen,” the Cordros market update affirmed.