Nigeria, April 27 -- Nigerian Stocks extended their gaining tempo for the fourth time in a row last week, adding 3.9 per cent, riding on the favourable investor sentiment that has kept trade bullish for quite a while now.

That upbeat market mood was evidently strong across the sectors as all the indexes appreciated, led by the Industrial Goods industry.

This week, investors and analysts will be keeping their gaze on more first-quarter's earnings results for direction on where best to invest smart money in the short term.

Looking forward, Nigeria's recent restoration to the FTSE Russell Frontier Market Index, seen as enhancing the visibility of its stocks to foreign investors, may also lift trade.

"We believe dividend-related activitie...