The downturn in the performance of the market was due to profit-taking in Airtel Africa Plc and 15 others.
Market capitalisation went up to N26.816 trillion as against N26.682 trillion recorded on Wednesday.
Market breadth closed negative with 18 stocks on the laggards’s table, while 14 stocks gained.
The All Share Index (ASI) rose by 71.64 basis points.
The bullish trend was due to bargain-hunting in shares of MTN Nigerian Communications (MTNN) and seven other companies.
The market reacted negatively to the MPR hike as sell-offs were recorded across board but price appreciation in BUA Cement lifted market performance marginally.
The market breadth, however, closed negative as 16 equities lost relative to 13 gainers.
The All Share Index (ASI) lost by 0.14 per cent to close at 53,193.98 points from 53,270.88 points the previous day.
The downtrend was impacted by losses recorded in highly capitalised stocks, amongst which are MTN Nigeria, PRESCO, WAPCO and Stanbic Bank.
The All-Share Index advanced by or 0.98 per cent to close at 50,126.41 against 49,638.94 achieved on Friday.
