Nigerian stocks slipped by 0.2 per cent last week as increased sell pressure weakened the market value of shares. The market has returned 29 per cent since the year started, with the oil & gas index leading other sector indices, having returned 81.2 per cent so far.
The banking index is the only laggard, yielding a negative 4.6 per cent, but that is in itself a mark of potential for viable investment, given that a good number of the stocks in the sector are undervalued and offer…
Read the full article here