Nigeria, June 29 -- For the second week running last week, Nigerian stocks retreated, in this case by 1.7 per cent, as sell pressure on industrial goods and oil & gas equities weighed on the benchmark index.

That continued the broad market correction that has been evident in trading in past weeks, which, thankfully, has opened up opportunities for investors seeking strategic entry points for investment in cheaper stocks.

"Following the recent market pullback, a number of fundamentally sound stocks are now trading at more attractive valuations, which could spur selective bargain hunting and support renewed buying interest," analysts at Meristem Securities said in their outlook for the week.

Looking forward, trading activity could touch ...