By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-All-share index (ASI) at the Nigerian equities market on Monday dipped 0.49 percent to close at 34,317.72 points, while market capitalisation decreased by N88.17 billion to close at N11.66 trillion.

With this loss current Year-to-Date (Y-t-D) returns on the Nigerian bourse stands at a negative 0.98 percent.

This is coming on the heels of continued investor apathy towards the market according to Cordros daily market update.

“The Industrial Goods index was the sole gainer with a 0.29 percent increase. On the other hand, the Oil/Gas and Consumer Goods indices recorded losses of 1.64 percent and 1.18 percent respectively while the Insurance and Banking indices depreciated marginally by 0.35 percent and 0.17 percent respectively,” the report affirmed .

At the end of the day’s transaction, market breadth posted a negative outlook as 19 gainers and 27 losers were recorded. Beverage maker, Cadbury Nigeria Plc emerged top gainer with a gain of N2.00 per share; while first listed Nigerian oil and gas upstream firm, Seplat Petroleum Development Company Plc topped the losers table with a loss of N19.90 per share

In terms of turnover, volume traded at the end of today’s session dipped by 53.17 percent to 200.97 million shares, valued at N2.20 billion and traded in 4,151 deals.

“We expect continued cautious trading in tomorrow’s session,” Cordros update affirmed.