AXA Mansard Dips 6.5% as Investors Trim Holdings
AXA Mansard Plc lost 6.5% of its market value as investors sold insurance stocks on the Nigerian Exchange (NGX) due to weak sentiment.
The insurance company experienced low buying activity in its shares, which pulled its market price back to N13.65 from N14.60 at the beginning of last week.
AXA Mansard’s share price fell to N13.65 on Friday, as investors sold 3.385 million units valued at N46.414 million on the Nigerian Exchange.
The insurance company is now trading at more than a 36% discount to its 52-week high, according to trading data from the Nigerian bourse.
AXA Mansard peaked at N21.42 before investors began exiting their positions, trading at odds with overall stock market performance.
In the first quarter of 2026, AXA Mansard’s profit after tax (PAT) slumped by 42.421% to N3.537 billion from N6.213 billion in the equivalent period in the financial year 2025.
The bottom line shrank despite a surge in insurance service results, which settled at N6.486 billion from N4.222 billion over the 12-month period. The insurance company’s earnings performance was damaged by a sharp dip in other investment income due to large FX losses.
At the close of the trading session on Friday, the market value of AXA Mansard Plc’s 9 billion outstanding shares on the Nigerian bourse was reduced to N122.85 billion, down 36% from its all-time high. Global Equity Markets Firmer, AI-Linked Names Drive Wall St. Gain
