Dangote Cement and other stocks pushed the Nigeria Exchange Limited to N202 billion in losses after three days of gains.
NGX market capitalisation dropped by 0.3 percent, falling to N66.465 trillion on Friday from N66.667 trillion on Thursday.
The All-Share Index also declined by 321.65 points, or 0.3 percent, to close at 105,752.61, down from 106,074.26 recorded earlier.
The latest downturn was due to share price depreciation in stocks of Dangote Cement and CHAM, VFD Group, among other stocks.
Despite the drop, the market breadth ended positive with 41 gainers against 15 losers.
Accordingly, Ikeja Hotel led the gainers’ table by 10 percent, closing at N12.10 per share.
International Breweries also rose by 10 percent to close at N7.70 per share.
Legend Internet Plc rose by 10 percent to close at N6.82 per share.
Vitafoam grew by 9.93 percent, closing at N44.85 per share.
Cadbury gained 9.92 percent to close at N26.60 per share.
On the flip side, Dangote Cement dropped by 10 percent, closing at N432.00 per share.
Regency Alliance Insurance declined by 8.06 percent to close at 57k per share.
VFD Group fell by 7.57 percent, closing at N17.10 per share.
CHAMS decreased by 7.27 percent to close at N2.04 per share.
Sovereign Trust Insurance lost 6.12 percent to close at 92k per share.
Investors traded 428.08 million shares worth N20.174 billion across 14,284 transactions.
This is in contrast with 328.26 million shares valued at N10.370 billion exchanged across 12,142 transactions.
Transactions in the shares of Guaranty Trust Holding Company topped the activity chart with 60.735 million shares worth N3.807 billion.
Further analysis showed that Fidelity Bank followed with 41.407 million shares worth N829 million, while Access Corporation transacted 40.556 million valued at N968.26 million.
MTN sold 32.96 million shares worth N8.240 billion, and Zenith Bank traded 22.93 million shares valued at N1.054 billion.
