Also, the All-Share Index was up by 353.82 points or 0.7 per cent to close at 51,222.34 compared to 50, 868.52 on Thursday.
The market capitalisation grew by N432 billion to N26.761 trillion from N26.33 trillion recorded on Thursday.
The market negative performance was driven by price depreciation in large and medium capitalised stocks.
The negative performance was driven by stocks such as Eterna, Dangote Sugar Refinery, Nigerian Breweries, Oando and Ecobank.
Specifically, the All-Share Index dipped 57.03 points or 0.15 per cent to close at 38,911.31 from 38,968.34 recorded on Wednesday.
The nation’s bourse returned to the positive territory on Thursday, rebounding by N15 billion following gains posted by FBN Holdings just as Nigeria’s GDP expanded.
Similarly, the market capitalisation rose by two billion naira.
Capital market analysts attributed the bullish sentiment to bargain-hunting by investors in depreciated stocks.
In spite of the drop in market indices, the total volume of trades increased by 5.5 per cent to 214.17 million shares valued at N1.34 billion.
The decline was driven by price depreciation in large, and medium capitalised stocks, including Enamelware, Eterna, Guaranty Trust Bank, Access Bank, and United Bank for Africa.