The bullish note was as a result of bargain buying on MTN Nigeria and other 16 stocks.
The market capitalisation dropped by N18 billion or 0.06 per cent to close at N28.646 trillion.
Gains were driven by price appreciation in tier-one banks and largely capitalised stocks.
The All-Share Index (ASI) fell by 34.08 points or 0.07 per cent to 47,531.84 from 47.565.92 recorded at the previous trading.
The weak performance was driven by sell-off in shares of GTCO, UBA, Access Holding and FBN Holdings.
The weak performance was as a result of continuous sell-offs in some large and medium stocks.
The market breadth, however, closed negative as 16 equities lost relative to 13 gainers.
A bargain-hunting for MTNN stocks rallied the market to a positive outcome on Thursday.
Transactions on the nation’s bourse maintained a positive outlook on Tuesday, with the market capitalisation growing further by N163 billion, amid foreign investors’ interest.
The bearish mood was occasioned by profit-taking in Guaranty Trust and 15 other stocks.
