The market activity witnessed an overall decline in volume, value and deals.
During the week, investors traded a total turnover of 1.804 billion shares worth N52.040 billion in 38,550 deals.
The All-Share Index shed 0.33 per cent or 334.62 points to close at 101,707.70, compared with 102,042.32 posted on Monday.
Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 0.09 per cent.
A total of 154.63 million shares valued at N5.51 billion were exchanged in 3,095 deals.
The Nigerian Exchange Ltd. (NGX) recorded a marginal gain of N6 billion on Thursday due to sustained bargain-hunting.
Sell-offs in large and small stocks, particularly WAPCO, drove the negative performance of the market.
However, the total volume of trades decreased by 12.8 per cent to 158.37 million shares valued at N2.24 billion exchanged in 3,330 deals.
“We expect negative sentiments to dominate the equities market as knee-jerk reactions to the federal government’s decision.”
In spite of the growth in market indicators, the market closed negative with 20 losers in contrast with 15 gainers.
