The market’s declining performance was driven by sell-offs in telecommunications heavyweights.
Accordingly, investors gained N1 billion in value as market capitalisation closed at N26.915 trillion from N26.914 trillion on Monday.
Transaction activities ended with 17 gainers and 11 losers.
An analysis of the price movement table shows that 20 stocks posted price growth in contrast with 13 laggards.
The overall market capitalisation dipped N83 billion to close at N21.920 trillion against N22.003 trillion on Friday.
The negative sentiment was driven by investors’ profit-taking sentiments in the banking and consumer goods sectors.
The Nigerian equities market closed red on Thursday following sell pressure in the shares of the consumer goods sector.
