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Nigerian stocks hit 2-1/2 year low as consumer shares sink

Published 03/10/2019, 14:17
Updated 03/10/2019, 14:20
© Reuters.  Nigerian stocks hit 2-1/2 year low as consumer shares sink
NESTLE
-
NGSEFBT10
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LAGOS, Oct 3 (Reuters) - Nigerian stocks dropped to a

two-and-half year low in late Thursday trade as consumer shares

led by Nestle NESTLE.LG sank.

The main stock index was down 0.89% to 27,072 points after

it fell nearly 3% earlier. The index of Nigeria's top 10

consumer stocks .NGSEFBT10 dropped 5.42% as Nestle shed 9.99%

and Dangote Cement DANCEM.LG , Nigeria's biggest listed firm,

fell 0.2%.

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