After three straight days of losses, investors on the Nigerian Exchange Limited (NGX) bounced back strong on Friday, raking in a massive N425 billion gain to end the week on a high.

Fresh buying interest in key stocks such as Beta Glass, FTN Cocoa Processors, UPDC, Veritas Kapital Assurance, Sovereign Trust Insurance, and 46 other firms fueled the market recovery.

At the close of trading, the market capitalisation climbed by 0.48%, rising from N88.783 trillion on Thursday to N89.208 trillion on Friday. Similarly, the All-Share Index (ASI) gained 671.70 points, settling at 141,004.14.

The market closed with a solid performance — 51 gainers against just 13 losers.

Leading the gainers’ chart was Beta Glass, which surged by 10% to close at N449.35. Other strong performers included UPDC, FTN Cocoa Processors, Veritas Kapital Assurance, and Sovereign Trust Insurance.

On the flip side, Thomas Wyatt Nigeria topped the losers’ table with a 9.91% drop, closing at N3 per share. McNichols, The Initiates Plc, E-Tranzact International, and NPF Microfinance Bank also recorded slight declines.

Trading activity was vibrant, with investors exchanging 1.30 billion shares worth N47.84 billion across 25,916 deals. This marked a significant jump compared to Thursday’s 573.75 million shares valued at N12.88 billion traded in 25,881 deals.

Zenith Bank stood out as the most traded stock, with 345.5 million shares valued at N21.2 billion changing hands.

Overall, the rebound signals renewed confidence among investors and highlights the resilience of the Nigerian stock market after recent setbacks.