The selloffs were in stocks of Unity Bank, FCMB, Zenith Bank, NPF Microfinance Bank (NPFMFB), Caverton and Transcorp.
Market capitalisation inched lower by N2 billion or 0.01 per cent to close at N20.424 trillion from N20.426 trillion posted on Wednesday.
Specifically, the market capitalisation shed N19 billion.
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 bullish run was influenced by gains in medium and large capitalised stocks.
Overall, the market was positive with 29 stocks gainers relative to 16 losers.