By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-A four-day bearish trading on Monday was halted on the Nigerian Stock Exchange (NSE) as all-share index (ASI) rebounded 1.20 percent to close at 33,249.19 points, while market capitalisation grew by N135.08 billion to close at N11.35 trillion.

This is coming on the heels of gains across all sectors which led the current Year-to-Date (Y-t-D) returns on the Nigerian equities market to a negative 4.06 percent.

According to Cordros daily market update, all the five (5) NSE Sectoral indices gained. “The Oil/Gas index recorded the best performance with a 2.87 percent surge, while the Banking and Industrial Goods indices followed with 1.44 percent and 1.39 percent gains respectively,” the report added.

Similarly, the Insurance and Consumer Goods indices climbed up by 0.37 percent and 0.18 percent respectively.

The report says at the close of business today on the Nigerian bourse, market breadth posted a positive outlook recording 30 gainers and 20 losers.

Forte Oil Plc emerged the top gainer with a gain of N9.10 per share; while drugmaker, NeimethInternational Pharmaceutical Plc topped the losers chart with a loss of 0.07 kobo per share.

In terms of turnover, volume traded on the NSE grew by 4.81 percent to 351.51 million shares, valued at N5.24 billion and traded in 3,982 deals.

“We expect the gain to continue in tomorrow’s session,” the Cordros report affirmed.