The selloffs were in stocks of Unity Bank, FCMB, Zenith Bank, NPF Microfinance Bank (NPFMFB), Caverton and Transcorp.
The downturn was due to profit takings from Access Bank, Zenith Bank Plc, Guaranty Trust Bank Company and United Bank for Africa, Transcorp and AIICO.
Similarly, the market capitalisation declined by 0.02 per cent to N25,52 trillion from N25,53 trillion, making a decrease of N1 billion.
On the price movement chart, 34 stocks recorded price depreciation while 12 others constituted the gainers’ chart.
Fidelity Bank was the most active stock during the day, exchanging 24.85 million shares valued at N71.19 million.
A breakdown of the price movement chart shows 37 gainers against seven losers, with Cornerstone Insurance leading the gainers’ table.
The positive market performance could be attributed to investors’ increased buy-interest in all major sectors.
Transcorp was the most active stock, exchanging 20.53 million shares worth N18.69 million.
Honeywell Flour was the most active stock, trading 57.49 million shares worth N185.76 million.
The Nigerian government says companies like Dangote, BUA, and Lafarge will not pay tax for constructing roads across the country.
