A bargain-hunting for MTNN stocks rallied the market to a positive outcome on Thursday.
The bullish run was influenced by gains in medium and large capitalised stocks.
FBNHoldings drove the activity chart, exchanging 27.28 million shares worth N199.56 million, followed by GTCO with an account of 14.38 million shares valued at N404.04 million.
The Nigerian stock market opened trading for the month of August on Monday with a growth of N30 billion.
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 bearish mood was occasioned by profit-taking in Guaranty Trust and 15 other stocks.
The market breadth closed negative with 23 laggards against 18 gainers.
However, the total volume of trades decreased by 12.8 per cent to 158.37 million shares valued at N2.24 billion exchanged in 3,330 deals.
In spite of the growth in market indicators, the market closed negative with 20 losers in contrast with 15 gainers.
First Bank Nigeria Holdings and Transcorp were the most active to boost market turnover.
