By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-Bulls on Monday resurfaced on the Nigerian bourse as all-share index (ASI) gained 3.02 percent to close at 29,684.84 basis points, while market capitalisation grew by N299.26 billion to N10.21 trillion.

Cordros daily market update reports that today’s gain is on the shares of lender Access Bank Plc, soap and detergent maker, PZ Cussons Nigeria Plc and agro-allied firm, Okomu Oil Plc amongst others led to current market Year-to-Date (Y-t-D) and Month-to Date (M-t-D) returns at the Nigerian Stock Exchange (NSE) to a negative 14.35 percent and 1.64 percent respectively.

The report says all five ((5) NSE sectoral indices appreciated. “The Banking index following consecutive losses – led the gainers chart with a five  percent increase, the Consumer Goods index followed with a 3.58 percent gain, while the Industrial index also appreciated by 2.10 percent,’ the report added.

Similarly, the Oil/Gas and Insurance indices also gained 1.89 percent and 0.56 percent respectively.

At the close of the day’s business on the Nigerian bourse, market breadth posted a negative outlook, recording 48 gainers and nine (9) losers.

Soap and detergent producer, PZ Cussons emerged the top gainer with a gain of N2.24 per share; while Oil services firm, Caverton Offshore Support Group (COSG) led the losers table with a loss of 0.17 kobo per share.

In terms of turnover, volume traded on the Nigerian equities market climbed up by 57.53 percent to N510.36 million shares, valued at N3.46 billion and traded in 4,766 deals.

“We expect the current market rally to extend to tomorrow’s session, though at a slower pace,” the Cordros update affirmed.