Nigerian stocks break eight-day winning streak

The Nigerian equities market closed in the red on Friday for the first time in the last nine trading days.

The benchmark stock index fell slightly by 0.12 percent to 101,129.09 basis points, while the market capitalisation lost N72 billion to close at N61.30 trillion.

Fifteen stocks, led by Multiverse Mining & Exploration and Aradel Holdings, saw their prices fall, compared to 36 risers.

The market had risen by 3.1 percent in the eight-day rally that started in December 10, with its all-share index and total value crossing the 100,000bps and N60 trillion marks.