The Nigerian equities market snapped its four-session winning streak on Wednesday, as losses in Banking stocks weighed on the NGX All-Share Index (NGX-ASI), which edged down by 0.03% to close at 246,019.17 points. The marginal decline trimmed the market’s year-to-date gain to 58.10%.

Market capitalisation fell to NGN158.91 trillion, translating to an estimated NGN40.99 billion reduction in investors’ wealth during the session. Market breadth remained positive, with 32 gainers against 29 losers, producing a breadth ratio of 1.10x, while the up/down volume ratio stood at 0.89x, indicating that the decline was relatively stronger in terms of traded volume.