Nigeria, Nov. 9 -- Nigerian stocks shed 2.1 per cent last week on account of sector-wide profit-taking activities, led by industrial goods and oil & gas stocks.

That left the year-to-date yield of the market at 59.9 per cent. The decline happened amidst a sharp decline in transaction volume, which plunged by 62.9 per cent to 2.9 billion shares from 7.6 billion shares a week ago.

"We expect investors to favour stocks with strong earnings prospects, attractive dividend yields and sound fundamentals, while monitoring developments in the fixed-income market. Lower yields could further improve the relative appeal of equities," analysts at investment bank United Capital said ahead of the week.

PREMIUM TIMES has assembled some stocks with sou...