The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Airtel Africa, Flour Mills of Nigeria, Unilever Nigeria.
The All-Share Index advanced by 80.03 points or 0.16 per cent to close at 49,709.46 against 47,629.43 achieved on Tuesday.
The market capitalisation lost N101 billion to close at N28.442 trillion from N28.543 trillion achieved on Monday.
Bargain hunting in Flour Mills and 27 others underpinned its performance with a gain of N1 billion
As part of the agreement, Honeywell Group Limited will dispose of a stake in Honeywell Flour Mills Plc to Flour Mills of Nigeria.
The company says only about 40 million Nigerians have active bank verification numbers.
The Nigerian stock exchange opened trading for the week on Monday on a bearish mood, with the market indices dropping by 0.02 per cent.
