By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Nigerian equities on Thursday continued its downward trajectory as all-share index (ASI) dipped 0.21 percent to close at 34,459.84 points, while market capitalisation declined by N25.04 billion to close at N11.71 trillion.

Cordros daily market update says with this decline, current market Year-to-Date (Y-t-D) returns stands at a negative 0.57 percent.

According to the report, all the five (5) Nigerian Stock Exchange (NSE) Sectoral indices depreciated, with the Oil/Gas index topping the losers’ list with a 1.26 percent plunge. “The Insurance and Banking indices followed with 0.81 percent and 0.32 percent declines respectively while the Consumer and Industrial Goods indices recorded minimal losses of 0.20 percent and 0.03 percent accordingly,” the Cordros report added.

At the close of today’s transaction, market breadth on the Nigerian bourse maintained a negative outlook; recording 20 gainers and 27 losers.

Foam maker, Vono Products Plc emerged top gainer with a gain of 0.10 kobo per share, while drug maker, Evans Medical Plc topped the losers chart with a loss of 0.18 kobo per share.

In terms of turnover, volume traded at the end of today’s business on the Nigerian equities market climbed down by 89.57 percent to 196.21 million shares, valued at N1.36 billion and traded in 3,876 deals.

“We expect cautious activities in tomorrow’s session as investors await a catalyst,” Cordros report affirmed.