Nigeria, Sept. 29 -- Nigerian stocks marginally increased last week as they added 0.2 per cent, with buy interest in the industrial sector as the main driver. The main share index has returned 38.1 per cent year to date.
As predicted by analysts, the market has been lacking in key drivers lately, and that may not significantly change until companies start issuing third-quarter corporate results in a couple of weeks' time.
"Sell pressure on tickers trading at their year-highs may persist intermittently, as price discovery in the market evolves," analysts at Meristem Securities said ahead of the week.
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