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.