Nigeria, June 2 -- Nigerian stocks appreciated by 2.5 per cent last week, reversing the preceding week's loss, as increased demand for consumer goods equities drove gains.

The main equity index has yielded 8.6 per cent this year, with the consumer goods index leading other sector indexes with a 37.4 per cent yield, while the insurance index is the worst performer.

"Retail activity may support mid and small-cap stocks temporarily, but institutional follow-through will be limited due to potential participation at the upcoming bond auction. Market may stay within the current range barring any positive catalyst from the macros," analysts at investment bank United Capital said ahead of the week.

"Investors may portray selective interest in ...