Nigeria, Oct. 13 -- Last week, Nigerian stocks posted their biggest gains in weeks as the main equity index rose by 2.4 per cent, driven by heavy buy interest in industrial goods and oil & gas stocks. Equities have yielded 42.8 per cent so far this year.

That said, the size of trade fell sharply as trade volume dropped by 72.8 per cent.

The earnings season is already here, with the corporate results for the third quarter expected to start flooding the market any moment soon. That could revitalise activity in the market, which for a couple of weeks has somewhat lacked key drivers.

"We expect investors to take position in the market ahead of the third quarter earnings releases, as a result, market activity is expected to increase particu...