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Nigeria index falls to 2-1/2-month low

Published 17/11/2015, 01:57 am
Updated 17/11/2015, 02:00 am
© Reuters.  Nigeria index falls to 2-1/2-month low

LAGOS, Nov 16 (Reuters) - Nigerian shares fell to a two-and-half-month low on Monday, dragged down by losses in the relatively liquid banking and consumer goods stocks, with the outlook for Africa's biggest economy poor.

The stock market .NGSEINDEX , which has the second-biggest weighting after Kuwait on the MSCI frontier market index, shed 1.07 percent to 28,532 points, a level last reached in August.

The index of Nigeria's top 10 banking stocks .NGSEBNK10 shed 3.39 percent, with Stanbic IBTC IBTC.LG losing the most.

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