Nigerian stocks end four-day winning streak

The Nigerian stock market finished in the red on Wednesday, halting a four-day winning streak and erasing gains recorded in recent days.

The All Share Index of the Nigerian Exchange Limited fell by 0.75 percent to 52,605.41 basis points while the market cap declined by N215 billion to N28.43 billion.

Thirty-four firms, led by Ardova Plc, posted gains while 20 saw their prices decline, with Caverton Offshore Support Group emerging the biggest losers.