The negative performance was driven by price depreciation in stocks like, Con Oil, Jaiz Bank, Honeywell Flour, Linkage Assurance and WAPIC Plc.
Market capitalisation, which opened at N20.450 trillion, lost N24 billion or 0.12 per cent to close at N20.426 trillion.
The bearish performance was buoyed by investors’ profit-taking sentiment in all the major sectors except the industrial sector that was unchanged.
The downturn was buoyed by price depreciation in the banking and oil and gas sectors.
The Nigerian equities market closed red on Thursday following sell pressure in the shares of the consumer goods sector.
FBN Holdings topped the activity chart with 34.84 million shares valued at N265.09 million.
Transactions on the nation’s bourse dropped by N5 billion to reverse the two days upward trend.
Capital market analysts attributed the bullish sentiment to bargain-hunting by investors in depreciated stocks.
