On the sectoral front, performance was largely mixed as the Banking and Insurance indexes led the gainers by 9.42 per cent and 0.98 per cent week-on-week, driven by strong interest by investors in financial stocks, which resulted in positive price movements in FBN Holdings, Wema Bank, Sterling Financial Holding Company, Sovereign Insurance and Axa Mansard.

Trailing on the losers table were the oil & gas (0.68 per cent), industrial goods (0.36 per cent) and consumer goods indexes, which were dragged down by negative price movements in NASCON Allied Industries, Nigerian Breweries, Dangote Sugar, Seplat, Eterna and Berger, respectively.

At the close of the week, the best-performed stocks included FBNH (32.68 per cent), Sterling Financial Holding Company (27.75 per cent) and UAC Nigeria (24.60 per cent) as their share prices trended upward due to positive interest from investors. However, the worst-performing stocks for the week were NASCON (-17.03 per cent), University Press Plc (-16.67 per cent) and Neimeth Pharma Plc (-14.14 per cent).

Analysts expect the bullish sentiments into the new week, to be driven by the earning season.

-By Oluwakemi Abimbola