Nigeria, March 30 -- Nigerian stocks paused their run of gains last week, dipping by 0.12 per cent as profit-taking in banking stocks weighed on market performance. That is no reason for concern though, with investors' confidence still substantial and 29.1 per cent yield so far recorded by the market as the first quarter draws to a close.

"We expect the market to maintain its positive trend as no immediate risks are likely to disrupt the prevailing bullish sentiment," analysts at Meristem Securities said in a note to investors during the week.

"Any profit-taking is expected to be mild and unlikely to change the market's upward direction," they added.

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