According to the report, insurer, Nem Insurance Plc with a loss of -9.87 percent led the loser’s chart while, top tier lender, Guaranty Trust Bank Plc with a gain of +7.77 percent emerged the topmost gainer .

Sterling Bank Plc which inched up +0.39 percent was the most actively traded stock with about 119million units of shares worth N311million.

In terms of sector performance, InvestmentOne said the Nigerian Stock Exchange (NSE) Banking index lost 0.48 percent on the back of the declines in the shares of Pan African lender, Ecobank Transnational Incorporated and Fidelity Bank Plc, both depreciated -6.67 percent and -4.64 percent apiece, First City Monument Bank and FBN Holdings Plc dropped -1.60 percent and-1.37 percent each, while Zenith Bank Plc lost by -0.25 percent.

The NSE Oil & Gas index also closed down by 0.38 percent, following the loss in the shares of oil marketing major, Oando Plc which declined by -3.00 percent.

In the same vein, the NSE Consumer Goods index declined by 0.17 percent, following the sell-off in the shares of salt producer, NASCON Allied Industries Plc and sugar refiner, Dangote Sugar Refinery Plc; both depreciated -4.75 percent and -2.18 percent respectively.

The NSE Industrial index shed 0.13 percent, majorly driven by the loss in the shares of Nigeria’s most capitalised listed company and cement producer, Dangote Cement Plc which lost by -0.27 percent.

“The equities market closed down today following the losses across all sectors. Despite the recent sell-off in the equities market, we believe prices at current level presents decent entry opportunities for investors with medium to long term horizon,” the InvestmentOne update said.