Nigeria, Dec. 8 -- Nigerian stocks are gaining back lost ground after an announcement of plans to aggressively increase capital gain tax on shares caused the market to tank by 5 per cent on a single day in November.

The benchmark index added 2.5 per cent last week, thanks to a surge in buyers' interest in industrial goods and bank stocks.

Mild profit-taking pressures are likely to be witnessed as the year end draws near.

But that is not a cause for worry, with the current positive sentiment in the market strong enough to temper such disruptions and a 42.9 per cent year-to-date yield on stocks already in the bag.

"Many stocks now offer attractive entry points, and we might see increased buying activity as investors take advantage of th...