The market breadth also closed positive with 42 gainers.
Specifically, the market capitalisation, which opened at N35.01 trillion, shed N79 billion to close at N34.932 trillion.
The Nigerian Exchange Ltd. (NGX) recorded a marginal gain of N6 billion on Thursday due to sustained bargain-hunting.
The All-share index shed 61.35 points or 0.13 per cent to close at 48,426.49 from 48, 476.49 recorded on Wednesday.
The market capitalisation shed N62 billion to close at N25.775 trillion, compared with N25.837 trillion on Monday.
A breakdown of the price movement table showed that Ecobank Transnational Incorporated (ETI) topped the gainers’ table.
Market capitalisation gained N130 billion to close at N23.991 trillion, compared with N23,861 recorded at the previous session.
The All Share Index (ASI) rose by 71.64 basis points.
The negative performance was majorly driven by selloffs in banking stocks.
The market breadth was positive as 17 stocks declined relative to 14 gainers.
