Nigeria, Sept. 8 -- Nigerian stocks depreciated by 0.9 per cent last week on account of sell-offs in industrial goods and bank stocks, leaving the year-to-date return of the bourse at 35 per cent.

Analysts have projected that the market is likely to be fairly bearish in the absence of key drivers until third-quarter corporate results start rolling in.

The half-year audited reports of big lenders like UBA, GTCO, Access Holdings and Zenith are currently being awaited.

"We anticipate mixed trading sentiment as the market provides opportunity for medium to long-term investors in stocks that have recently declined, and activities in tier-1 banks are likely to remain a key focus for investors," analysts at Meristem Securities said going into...