A counsel to the claimant/applicant, told the court that the defendants, in reaction to their originating summons, had chosen to file preliminary objections.
The market closed negative with 24 laggards relative to 14 gainers.
Market capitalisation shed N136.88 billion to close at N27.06 trillion from N27.20 trillion recorded on Tuesday.
The decline of 1.97 per cent was as a result of losses in large stocks such as Dangote Cement, WAPCO, GTCO and Oando.
“The stock market closed positively, as bargain hunting was seen in all the major sectors,” according to analysts at GTI Research.
Guiness Plc topped the losers’ chart, dropping by 10 per cent to close at N88.20 per share.
The negative performance was driven by price depreciation in large and medium capitalised stocks.
The Plateau State Government on Wednesday approved the reconstruction of the Jos Main Market gutted by fire in 2002.
The negative performance was driven by price depreciation in stocks like, Con Oil, Jaiz Bank, Honeywell Flour, Linkage Assurance and WAPIC Plc.
Investors traded 179.327 million shares valued N7.123 billion in 4,654 deals.