The upward trend was fueled by strong demand in consumer, energy and industrial stocks.
The Nigerian stock market closed the week on a negative note on Wednesday, wiping out N900 billion in investors’ wealth after four consecutive days of gains.
Market capitalisation gained N17 billion to close at N28.681 trillion in contrast with N28.664 trillion on Thursday.
The downtrend was impacted by losses recorded in highly capitalised stocks, amongst which are MTN Nigeria, PRESCO, WAPCO and Stanbic Bank.
The All-Share Index (ASI) increased by 0.15 per cent to close at 52,917.76 points, compared to the 52,838.45 points recorded on Wednesday.
Seplat Energy recorded the highest gain of 10 per cent to close at N869 per share.
The gain was driven by high demand for shares of MTN Nigeria Communications (MTNN).
FBN Holdings accounted for 605.01 million shares worth N8.90 billion traded on Thursday.
The bearish trend on the Nigerian stock market was halted with a N382 billion growth 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.
