The all-share index of the local bourse fell 0.27 percent at the end of trading on Friday after the key listed companies share value depreciated as investors sought value in other quoted firms.
The index closed at 31,924 points on Friday compared with 0.35 percent drop the previous day.
Also, the market capitalization depreciated by 0.27 percent to close at 11.91 trillion naira at the close of the market, compared with a depreciation of 0.35 percent recorded on Thursday.
Shares of Nigerian Breweries fell 3.15 percent to 75 naira after investors exchanged 486,560 shares at 36.53 million naira, followed by Guaranty Trust Bank, which dropped by 0.35 percent to 37.30 naira.
A total of 10.52 million shares of the lender was sold at 393.34 million naira, while United Bank for Africa (UBA) shares fell to 7.65 naira from 7.75 naira the previous day. Investors bought and sold 11.93 million worth of shares of the lender at 91.88 million naira.
However, the market index appreciated by 0.31 percent week-on-week.
The three most actively traded stocks were Sovereign Trust Insurance (62.37mn), Zenith Bank (46.68mn) and FBN Holdings (16.74mn)
In the money market, the 30-Day and 90-Day NIBOR increased to 11.10 percent and 13.10 percent respectively while the 180-Day NIBOR fell to 14.74 percent.
Rates closed higher today by an average of 8 basis points (bps) across most of the maturities traded in the Treasury Bills 2-way-quote market.
Demand for Secondary Market Treasury Bills waned as the Central Bank of Nigeria (CBN) issued more OMO bills to control liquidity in the banking system.
Trading in the Bond market commenced on a relatively quiet note with some initial sell-off seen on the 2028s bond.
Activity picked up much later in the day as there was a rally across the curve especially on the 2028s as a result of the revised bond issuance calendar.
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