By InvestAdvocate

Lagos (INVESTADVOCATE)-Bloodbath on Thursday persisted at the Nigerian Stock Exchange (NSE) as all-share index (ASI) fell 0.25 percent to close 30,436.18 basis points, while market capitalisation shed N25.63 billion to close at N10.43 trillion.

Today’s loss is coming on the heels of sell-offs in the Financial Services and Consumer Goods sectors of the Nigerian bourse leading to current market Year-to-Date (Y-t-D) and Month-to-date (M-t-D) returns to a negative 12.18 percent and 9.03 percent respectively, according to Cordros daily market update.

The reports says three (3) of the five (5) NSE sector indices mirrored the broader market direction. “The Insurance Index topped the losers’ list with a 1.48 percent decline, the Banking index followed with a 0.75 percent loss, while the Consumer Goods index dropped 0.35 percent,’ Cordros affirmed.

On the contrary, the report said that the Industrial and Oil/Gas indices gained 1.84 percent and 0.77 percent respectively.

At the close of today’s session, market breadth remained negative, posting 14 gainers and 32 losers.

Leading logistics company, Trans-Nationwide Express Plc emerged top gainer with a gain of 0.05 kobo per share, while drugmaker, Pharma Deko Plc topped the losers chart with a loss of 0.11 kobo per share.

In terms of turnover, volume traded on the Nigerian equities market declined by 30.7 percent to 154.34 million shares, valued at N4.21 billion and traded in 3,154 deals.

“We maintain a negative outlook,” Cordros report affirmed.