Market capitalisation went up to N26.816 trillion as against N26.682 trillion recorded on Wednesday.
The bullish trend was due to bargain-hunting in shares of MTN Nigerian Communications (MTNN) and seven other companies.
The volume of shares traded closed lower as investors bought and sold 146.99 million shares worth N2.65 billion in 3,180 deals.
The ASI declined by 97.07 basis points or 0.19 per cent to close at 51,805.41 from 51,902.48 recorded on Monday.
The gains were led by buying interests in MTNN and gains in Tier-1 banks like Zenith, Access and United Bank for Africa.
Sell-offs were in stocks belonging to MTNN, Eternal, Guaranty Trust Bank Company and International Breweries.
On the price movement chart, 34 stocks recorded price depreciation while 12 others constituted the gainers’ chart.
The market negative performance was driven by price depreciation in large and medium capitalised stocks.
The gain was driven by high demand for shares of MTN Nigeria Communications (MTNN).
Negative sentiment was driven by price depreciation in MTNN and 13 other equities.
