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.
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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%.
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