The Nigerian equities market kicked off the trading session on a negative note, prolonging its bearish trend from the previous session.

The NGX All-Share Index slipped 2 basis points to close at 100,006.79 points, down from 100,022.03 points in the previous session.

The market’s downturn was largely driven by intense selling pressure in stocks like Transcorp, Wemabank, Dang Sugar, FBNH, and 20 others.

As a result, investors’ wealth decreased by N8.62 billion, with the market capitalization closing at N37.41 trillion.

Despite the negative performance, market activity improved, with volume and value traded increasing by 67.20% and 18.98% to 689.98 million units and N7.17 billion, respectively. The year-to-date return settled at 33.75%.