Market capitalisation of the bourse, which opened at N9.712 trillion, shed N92 billion or 0.95 per cent to close at N9.620 trillion.
Investor sentiment closed negative as market breadth closed with 20 gainers to 22 losers. PZ Cussons Plc led the list of declining stocks as it fell by 9.71 percent or N2.01 to close at N18.69 per share, Caverton Offshore Support Group Plc followed with a decline of 8.57 percent or 6 kobo to close at 64 kobo per share.
Market analysts attributed the trend to profit taking by traders due to the nation’s negative economic data. According to them, the market would witness a reversal if the expected third quarter results were in line with investors expectations.
An analysis of the activity chart indicated that Access Bank emerged the most active in volume terms, accounting for 29.96 million shares worth N164.49 million.
FCMB Group came second with an exchange of 26.61 million shares valued at N30.76 million and Zenith Bank traded 20.88 million shares worth N316.44 million.
UBA exchanged 19.16 million shares valued at N77.38 million, while investors staked N15.42 million on 17.08 million shares of Fidelity Bank.
Market activity as measured by Volume and Value traded, settled at 187.2 million units and N1.5 billion respectively compared to 198.1 million units and N1.317 billion traded previously.
