In spite of the drop in market indices, the total volume of trades increased by 5.5 per cent to 214.17 million shares valued at N1.34 billion.
Market sentiment closed negative with 25 laggards in contrast with 23 gainers.
The downtrend was driven by price depreciation in medium and large capitalised stocks.
“We expect the overall theme of the market to tilt towards the bears, considering the anticipated NTB auction scheduled to hold later in the week.”
Market capitalisation rose by N4 billion.
Mr Onyema will become the Group Chief Executive Officer of NGX Group.
The volume of shares traded improved by 9.37 per cent when compared with the volume of shares transacted on Thursday.
Julius Berger, Livingstone Merchant Bank and Cornerstone Insurance led the gainers chart in terms of percentage.
An investment expert attributed the persistent lull to profit-taking and sell pressure, ahead of earnings season.
The All-Share Index lost 506.83 points or 1.46 percent to close at 34,136.82.
