The domestic equities market extended its bearish run to an eleventh consecutive session on Wednesday, as sustained losses in Banking and Insurance counters dragged the NGX All-Share Index (NGX-ASI) down by 0.17% to close at 238,682.92 points. Market capitalisation fell to NGN154.14 trillion, translating to a loss of approximately NGN259.76 billion in investors’ wealth.

Market breadth remained negative at 0.41x, with 17 gainers and 41 losers among the 134 securities that participated in today’s trading session. The up/down volume ratio also closed at 0.45x, mirroring the broadly bearish market sentiment.