| The trading floor of the Nigerian Stock Exchange is pictured in Lagos, Nigeria November 9, 2016. REUTERS/Afolabi Sotunde |
Nigerian stocks extended gains on Monday, rising to a more than one-month high as investors snapped up shares in the relatively liquid banking sector and heavy weight Dangote Cement gained.
The main stock index, which has had a lacklustre performance this year, was up 0.7% at 27,965 points, a level last seen in July although the market is still down 12% in the year to date.