By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) all-share index (ASI) on Wednesday gained marginally by 0.17 percent to close at 30,195.56 basis points, compared with the 1.18 percent growths recorded the previous session.

Similarly, market capitalisation climbed up by N16.67 billion to close at N10.08 trillion. With this gain, current Year-to-Date (Y-t-D) returns on the Nigerian bourse stands at a negative 12.87 percent.

Cordros market update reports that only one (1) out of the five (5) NSE sectoral indices appreciated. “The Banking index was resilient, with gains of 1.20 percent.

On the contrary, Oil/Gas index topped the losers’ list with a 0.93 percent decline, while the Insurance and Consumer Goods indices followed with a 0.74 percent and 0.30 percent depreciation respectively. In the same vein, the Industrial Goods index recorded the least loss with a 0.29 percent drop.

In terms of market breadth, the Nigerian equities market maintained a positive outlook as it recorded as 21 gainers and 17 losers. Construction giant, Julius Berger Nigeria Plc emerged top gainer with a gain of N4.02; while Academy Press Plc topped the losers chart with a loss of 0.05 kobo.

At the end of the session, turnover on the Nigerian bourse shows that volume traded increased by 33.33 percent to 369.82 million shares, valued at 4.50 billion and traded in 4,507 deals.

“As gaining momentum eases, negative outcome is likely to occur in succeeding sessions,” Cordros update affirmed.