Losses were recorded in high capitalised stocks such as MTN Nigeria and Guaranty Trust Holding Company GTCO, amongst others.
Market sentiment was negative as 20 stocks depreciated in price while 13 constituted the gainers’ chart.
Transcorp was the most active stock, exchanging 20.53 million shares worth N18.69 million.
The bearish performance was buoyed by investors’ profit-taking sentiment in all the major sectors except the industrial sector that was unchanged.
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.
The bearish mood was occasioned by profit-taking in Guaranty Trust and 15 other stocks.
The market sentiment closed negative with 18 laggards against 13 gainers.
Capital market analysts attributed the bullish sentiment to bargain-hunting by investors in depreciated stocks.
The market breadth closed negative with 23 laggards against 18 gainers.
