Nigeria, Nov. 24 -- Nigerian stocks diminished by 2.2 per cent last week on account of sell pressure on a number of equities.

Profit taking in insurance and industrial goods stocks largely accounted for the decline.

That said, the year-to-date yield of all the stocks quoted on the exchange stands at 39.6 per cent, with the consumer goods index being the best-performing sector so far at 99 per cent.

"We anticipate the NGXASI to trend modestly higher this week, supported by selective buying in oversold stocks," analysts at Meristem Securities had said in their outlook for the week.

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