Primary drivers of the performance of the market were stocks such as Oando, WAPCO, and Zenith, Fidelity and Access banks.
Market breadth closed positive as 21 stocks recorded gains, relative to 20 losers.
Transactions in the shares of Fidelity Bank topped the activity chart with 55.94 million shares valued at N160.27 million.
The negative performance of the market was driven by price depreciation in large and medium capitalised stocks.
The total volume traded declined by 38.11 per cent with an exchange of 141.41 million shares worth N2.97 billion traded in 3,079 deals.
The market capitalisation lost N3 billion to close at N20.275 trillion in contrast with N20.278 trillion recorded on Friday.
The bearish performance was buoyed by investors’ profit-taking sentiment in all the major sectors except the industrial sector that was unchanged.
FBNHoldings drove the activity chart, exchanging 27.28 million shares worth N199.56 million, followed by GTCO with an account of 14.38 million shares valued at N404.04 million.
Overall, the market was positive with 29 stocks gainers relative to 16 losers.
The MPC is expected to hold its fourth meeting of the year on July 26 and July 27.
