Sappi falls

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Shares of Sappi fall more than 1 percent as the South African paper maker says its third-quarter loss widened by 54 percent to 20 US cents per share and sees market conditions remaining tough.

The global paper industry is struggling to recover from a slump caused by sluggish demand and overcapacity.

Sappi shares are down 1.23 percent at 24.10 rand. - Reuters


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