Nigerian stocks were up by 0.8 per cent last week as more money chased stocks in the equity market.
The market has now yielded 31.4 per cent since the start of the year, with the NGX Oil and Gas Index leading other sector indexes.
Investment bank United Capital said in its investment view for the week that “The Bulls will remain incentivised to persist in bargain hunting, given the tremendous mid-long-term opportunities in the equities market.”