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The Nigerian stock market saw a slight decline last week, dropping by 0.12% due to profit-taking in banking stocks. Analysts remain optimistic about the market's future performance as investors maintain strong confidence levels.
Nigerian stocks experienced a 2.2% increase last week, driven by gains in oil and gas equities, pushing the year-to-date return to 26.6%. Investors are now anticipating earnings reports from major banks and large-cap companies, which could influence market trends.
Nigerian stocks recorded their best weekly gains of the year, propelled by positive market sentiment and strong corporate earnings. Analysts anticipate continued interest in real sector stocks due to ongoing earnings reports and dividend projections.
