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Nigerian Stock Index Falls to a 5-Month Low

by on August 25, 2015
 

Nigeria’s stock index fell to a five-month low on Monday as worries over the persistent decline in crude prices and a China-led global economic slowdown spooked frontier market investors.

The bourse, which has the second-biggest weighting after Kuwait on the MSCI frontier market index, fell 2.2 percent to 29,214 points, its lowest since March 19, as investors sold off shares in relatively liquid consumer goods and banking sectors.

 

 

Source: Reuters

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