Consumer goods stocks gain N93bn

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Investors in consumer goods sector quoted on the main board of the nation’s stock market gained about N93bn during the month of August 2020 as the country continued gradual ease of lockdown occasioned

by the COVID-19 Pandemic.

The lockdowns had pushed some consumer product segments to the fore, especially those seen as essential such as the packaged foods and home care segments. However, COVID-19 has led to sharp turn of fortunes across the different segments of the consumer goods sector. Respondents stated that they had reduced spending on higher value category items by 22 per cent since March.

 

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