Specifically, the market capitalisation shed N19 billion.
Honeywell Flour was the most active stock, trading 57.49 million shares worth N185.76 million.
A bargain-hunting for MTNN stocks rallied the market to a positive outcome on Thursday.
The All-Share Index dipped 16.94 points or 0.04 per cent to close at 39,505.40 from 39,522.34 on Friday.
The All-Share Index increased by 55.50 points
The positive performance was spurred by investors’ sustained buy interests in Dangote Cement and 20 others.
Oba Otudeko, the Chairman Honeywell Group, had also served as Chairman of FBN Holdings PLC until he retired in 2010.
The loss was driven by price depreciation in large- and medium-capitalised stocks: Guaranty Trust Bank, University Press, Zenith Bank, Sterling Bank, and Honeywell Flour Mill.
Market capitalisation lost N16 billion to close at N21.474 trillion compared with N21.490 trillion recorded on Monday.
Market breadth closed positive with 32 gainers as against two losers.
