By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-Nigerian stocks on Wednesday recorded a marginal gain of 0.05 percent amidst dwindling performance in sectoral indices.

The Nigerian Stock Exchange all-share index (NSE ASI) closed at 30,614.93 points, while market capitalisation increased by N4.60 billion to N10.22 trillion.

The continual gain recorded in the review period led to current Year-to-Date (Y-t-D) returns on the Nigerian bourse to a negative 11.66 percent.

According to Cordros market update, at the end of today’s session, two (2) out of the five (5) NSE Sectoral indices gained. “The Industrial Goods index topped the gainers’ list with a 0.66 percent increase, while Consumer Goods index followed with a 0.40 percent rise,” the report affirmed

On the contrary, the Oil/Gas index led the losers chart with a loss of 1.34 percent, while the Insurance and Banking indices also declined by 1.30 percent and 0.48 percent respectively.

Market breadth at the Nigerian equities market remained positive as it reported 26 gainers and 22 losers. Brewer, International Breweries Plc emerged top gainer with a gain of 0.97 kobo, while Nigeria’s mid-tier lender, Wema Bank Plc topped the losers chart with a loss of 0.05 kobo.

In terms of turnover, volume traded at the Nigerian bourse at the end of the session climbed up 25.25 percent to 381.29 million shares, valued at N4.91billon and traded in 5,283 deals.

“On the back of waning momentum of the present rally, we expect the market to close negative tomorrow as investors partake in profit taking,” the Cordros update affirmed.