The market’s performance was primarily driven by gains in stocks of Nigerian Breweries and BUA Cement.
The market reacted negatively to the MPR hike as sell-offs were recorded across board but price appreciation in BUA Cement lifted market performance marginally.
The negative performance was with 34 stocks recording decline as against 15 stocks with gains.
Transactions on the nation’s bourse dropped by N5 billion to reverse the two days upward trend.
The market sentiment closed negative with 18 laggards against 13 gainers.
A breakdown of the price movement chart shows that 21 stocks posted price appreciation in contrast with 10 laggards.
Also, the market capitalisation of listed equities declined by N11 billion to N21.025 trillion from N21.036 trillion reported on Thursday.
