The Nigerian stock market recorded a modest rebound on Friday, bringing relief to investors after losses in the previous trading session. Total market value increased by N74 billion as renewed buying interest returned to some key stocks on the Nigerian Exchange Limited (NGX).

Market capitalisation rose by 0.07 percent to close at N105.959 trillion, compared to N105.885 trillion at the previous close. In the same vein, the All-Share Index gained 114.81 points to settle at 165,512.18, reflecting a slight but positive improvement in overall market sentiment.

The recovery was driven by gains in selected stocks such as Morison, Union Homes Real Estate Investment Trust, SCOA, RT Briscoe, and Austinlaz. Despite the rebound, market breadth remained negative, with more stocks declining than advancing. Neimeth International Pharmaceutical led the losers after shedding nearly 10 percent, followed by Secure Electronic Technology, Eterna, University Press, and Eunisell Interlinked.

On the gainers’ chart, Union Homes REIT and Morison topped the list, each rising by 9.94 percent. Trading activity slowed, as total volume and value traded declined compared to the previous session. CHAMS led in volume traded, while Zenith Bank emerged as the most traded stock by value, highlighting continued investor interest in major banking equities.