Nigeria, Jan. 12 -- Nigerian stocks sustained its strong start to the year last week as the main equity index added 3.7 per cent, driven by gains from industrial goods and oil & gas equities. All the sector indexes appreciated during the week.

New entry positions and reinvestment by investors on account of the new year are likely to shape activities in the market in the next few weeks.

"Some investors may also reposition their portfolios ahead of anticipated 2025 full-year earnings and dividend declarations, focusing on stocks with strong earnings potential," analysts at Meristem Securities had said in their outlook for the week.

"Gains are likely to be driven by renewed interest in fundamentally strong stocks, strategic portfolio adju...