The decline was driven by continued profit-taking in heavyweight stocks.
The market breadth closed positive with 49 gainers and 23 losers.
The market breadth closed positive, recording 39 gainers compared to 27 losers by the end of trading.
The Nigerian Exchange Ltd. (NGX) saw its market capitalisation fall to ₦72.497 trillion from ₦72.680 trillion recorded on Monday.
The market’s declining performance was driven by sell-offs in telecommunications heavyweights.
Specifically, the market capitalisation, which opened at N35.01 trillion, shed N79 billion to close at N34.932 trillion.
The All-Share Index (ASI) dropped by 0.46 per cent to close at 50,489.73 points from 50,722.33 points recorded on Friday.
