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ABUJA, March 2 (Reuters) - Nigerian stocks fell 1.53% on
Monday, reaching their lowest in nearly three years, as a
coronavirus outbreak wiped billions of naira from the country's
market.
The index dropped to 25,816 points, a level last seen in May
2017, after the stock market fell for the seventh straight day.
An Italian man who arrived in Nigeria last week became the
African country's first case of coronavirus, as infections
spread rapidly worldwide. Equities have been hit by weak sentiment, worsened by fears
that the coronavirus outbreak will hit demand in China, one of
Nigeria's major trading partners.
The index of Nigeria's top 10 consumer goods index
.NGSEFBT10 declined the most, down 5.19%. The banking index
.NGSEBNK10 fell 3.66%.
A total of 28 stocks fell and just nine advanced. Four
companies traded flat and more than 100 others recorded no
trades.
Nestle NESTLE.LG , Unilever UNILEVE.LG , Lafarge Africa