Investors have lost N204 billion in three consecutive trading sessions.
The market had been outperforming other peers in recent weeks owing to price appreciation in some stocks as well as impressive full year and first quarter 2022 earnings from companies listed on the bourse.
Having lost 0.29 and 0.35 per cent market sentiment was further dampened as the index dropped 0.07 per cent to close at 52,721.34 points.