The Nigerian stock market rebounded on Friday, with investors recording a gain of N74 billion after losses within the earlier session.

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Market capitalization on the Nigerian Alternate Restricted rose by 0.07 p.c to shut at N105.959 trillion, up from N105.885 trillion on the prior shut.

Equally, the All-Share Index appreciated by 114.81 factors, or 0.07 p.c, to finish the session at 165,512.18, in contrast with 165,397.37 recorded on Thursday.

The restoration was supported by renewed shopping for curiosity in choose shares, together with Morison, Union Houses Actual Property Funding Belief, SCOA, RT Briscoe, and Austinlaz.

Nevertheless, market breadth closed damaging, as 40 shares declined whereas 34 recorded positive aspects.

Neimeth Worldwide Pharmaceutical led the losers, shedding 9.86 p.c to shut at N13.25 per share. Safe Digital Know-how adopted with a decline of 9.35 p.c to 97 kobo, whereas Eterna dropped by 8.23 p.c to shut at N28.45 per share.

College Press fell by 6.25 p.c to N6, whereas Eunisell Interlinked misplaced 5.84 p.c to shut at N153.95 per share.

On the gainers’ desk, Union Houses Actual Property Funding Belief and Morison topped the chart, every appreciating by 9.94 p.c to shut at N71.35 and N7.52 per share, respectively.

Market exercise slowed through the session, as complete offers, quantity, and worth declined. A complete of 731.7 million shares valued at N19.05 billion had been traded in 44,005 offers, in contrast with 768.3 million shares value N21.2 billion exchanged in 46,481 transactions on Thursday.

CHAMS recorded the best buying and selling quantity with 76.86 million shares, representing 10.51 p.c of complete quantity, whereas Zenith Financial institution led in worth phrases with trades value N3.47 billion, accounting for 18.20 p.c of the day’s complete worth.