Nigeria, Aug. 4 -- Nigerian stocks recorded one of its sharpest weekly gains last week, adding 5.1 per cent, largely supported by strong half-year corporate results, which helped create positive sentiments in the market.

Industrial goods and bank stocks led the charge, appreciating by 10.1 per cent and 3.5 per cent respectively.

"We see considerable headroom for further repricing, particularly within the banking sector and the industrial and consumer goods sectors, which continue to benefit from favourable valuation multiples and sector-specific tailwinds," analysts at Meristem Securities had said in their outlook for the week.

"As the H1:2025 earnings season unfolds, we expect investor interest to shift toward sectors like Consumer an...