The market capitalisation fell by N90 billion to N27.713 trillion from N27.803 trillion at the last trading.
Market sentiment, as measured by market breadth, was negative, as 22 stocks declined, while 15 posted gains.
The negative performance was with 34 stocks recording decline as against 15 stocks with gains.
The All-Share Index appreciated by 62.26 points or 0.16 per cent to close at 38,547.08 from 38,484.82 posted on Thursday.
The Nigerian equities market closed red on Thursday following sell pressure in the shares of the consumer goods sector.
A breakdown of the price movement chart indicates that 26 stocks recorded price appreciation in contrast to 15 laggards.
