Precisely, the All-Share Index inched higher by 554.15 absolute points, representing an increase of 1.05 per cent to close at 53,275.49 points while the overall market capitalisation value gained N298 billion to close at N28.721 trillion.
Analysts at Vetiva Dealings and Brokerage said: “Market continues to trade bearish as seen in the negative market breadth despite today’s recovery. For the last trading session of the week, we expect the market to trade mixed with a chance of recovery in the banking sector given this week’s negative activity.”
McNichols Plc appreciated by 9.60 per cent to close at N1.94 kobo. Veritas Kapital Assurance rose by 9.52 per cent to close at 23 kobo while Multiverse Mining and Exploration appreciated by 9.09 per cent to close at 24 kobo. NEM increased by 1.78 per cent to close at N4. Sterling Bank gained 65 per cent to close at N1.56 kobo. United Bank for Africa also added 63 per cent to close at N7.95 kobo.