By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Tuesday halted a three-day gaining streak since last Thursday as all share index (ASI) dipped 0.35 percent to close at 33,602.67 points, while market capitalisation declined by N39.86 billion to close at N11.47 trillion.

With today’s depreciation on the Nigerian bourse, current Year-to-Date (Y-t-D) returns stands at a negative 3.04 percent.

“Though market breadth was negative, price declines recorded by DANGCEM, NB, FBNH and GUINNESS weighed more on the index,” Cordros daily market update affirmed.

According to the Cordros update, two (2) of the five (5) NSE Sectoral indices gained. “The Insurance index recorded the best performance with a 1.34 percent surge, while the Banking index followed with a marginal gain of 0.06 percent,” the report added.

On the contrary, the Consumer Goods index dipped the most with 0.56 percent, while the Oil/Gas and Industrial Goods indices also depreciated 0.32 percent and 0.15 percent respectively.

At the close of today’s session on the Nigerian bourse, market breadth posted a negative outlook recording 19 gainers and 25 losers. Ikeja Hotels Plc emerged top gainer with a gain of 0.25 kobo per share; while Primary Mortgage Institution (PMI) Union Homes Savings and Loans Plc topped the losers chart with a loss of 0.62 kobo per share.

In terms of turnover, volume traded on the Nigerian equities market climbed up by 4.75 percent to 240.64 million shares, valued at N6.68 billion and traded in 3,957 deals.

“Another index decline will be likely recorded in tomorrow’s session,’ the Cordros report affirmed.