FCMB Group, Lasaco Assurance, Ikeja Hotel top stocks pick this week

Nigerian stocks appreciated marginally by 0.1 per cent last week on the back of increased interest in oil & gas equities.

The market has yielded 30.5 per cent year to date, with the Oil & Gas Index leading other sector indexes. Energy stocks have gained more than double their value at the beginning of the year.

Generally, bank stocks offer stronger prospects for investment than others at the moment as most of the equities in the sector are still low-priced and have good fundamentals.

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