The market breadth closed negative with 39 losers and 17 gainers.
This was lower than 523.5 million shares valued at N1.45 billion exchanged across 12,666 transactions in the preceding week.
The All-Share Index also declined by 0.42 per cent or 580.48 points, to close at 138,157.16, against 138,737.64 reported on Tuesday.
“NGX indices are developed to allow investors to efficiently track market movements and properly manage investment portfolios.”
The market’s weak performance was primarily driven by selloffs in stocks of Zenith Bank, Geregu, Nigerian Breweries and Guaranty Trust Holding Company (GTCo).
The positive market performance could be attributed to investors’ increased buy-interest in all major sectors.
FBN Holdings accounted for 605.01 million shares worth N8.90 billion traded on Thursday.
The market capitalisation, which opened trading at N20.273 trillion, rose by N17 billion to close at N20.290 trillion.
Specifically, the All-Share Index dipped 57.03 points or 0.15 per cent to close at 38,911.31 from 38,968.34 recorded on Wednesday.
Overall, the market was positive with 29 stocks gainers relative to 16 losers.
