Nigeria, Nov. 2 -- Nigerian stocks recovered lost ground last week, advancing 2.9 per cent to offset the slip recorded in the penultimate week.

The jump rode on positive market sentiment around third-quarter corporate results, evident in the massive trade volume, which more than tripled to 7.6 billion shares week on week.

The magic wand was the industrial goods sector, which, thanks to overwhelming demand for Dangote Cement's shares, delivered a solid 14.6 per cent gain, the biggest by any of the sectors tracked by the exchange in ages.

This week, that positive tempo is expected to continue as more earnings releases hit the market.

"Nigeria's equity market is expected to sustain positive momentum this week, supported by improved inves...