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 bears dominated the domestic equity market as market capitalisation lost N20 billion or 0
Market capitalisation gained N130 billion to close at N23.991 trillion, compared with N23,861 recorded at the previous session.
The Nigerian Exchange Ltd. (NGX) on Wednesday recorded N9 billion gain due to price appreciation in Dangote Cement and some tier-one banking stocks.
The market capitalisation, which opened at N24.139 trillion, rose by N7 billion or 0.03 per cent to close at N24.146 trillion.
The market breadth ended negative with 17 stocks on the losers’ charts, while 16 stocks gained.
The upturn was impacted by gains recorded in large capitalised stocks, amongst which are MTN Nigeria, Airtel Africa and Seplat.
The upturn was impacted by gains in May and Baker, Access Holding, United Bank for Africa (UBA) and NGX Group.
The gain was driven by price appreciation in large and medium stocks.
The market capitalisation decreased by N859 billion or 3.23 per cent to N25.741 trillion from N26.6 trillion recorded on Wednesday.
