Nigeria, July 14 -- Nigerian stocks advanced sharply last week, adding 4.3 per cent as investment fund found stronger interest in equities, notably bank and insurance shares, and positioning ahead of dividend announcements for the half-year period grew more intense.

"While we acknowledge the chance of occasional profit-taking, particularly in consumer goods stocks that have seen significant price increases recently, we believe this will be offset by continued interest in undervalued stocks that possess strong fundamentals and growth potential," analysts at Meristem Securities had said, going into the week.

With the earnings season already here, investors will be watching out keenly for half-year corporate results in the weeks ahead to d...