Investors Trade 481m Insurance Stocks on Nigerian Exchange
Investors in insurance stocks on the Nigerian Exchange Limited (NGX) traded 481.1 million shares worth N1.41 billion in 10,655 transactions last week. This was lower than 523.5 million shares valued at N1.45 billion exchanged across 12,666 transactions in the preceding week.
The market recorded slight declines, with value dropping by 2.5 per cent, volume down 8.8 per cent, and deals dipping by 18.9 per cent. The Nigerian Exchange Ltd. provided the trading data on Saturday.
Sixteen insurance companies were reported to have traded during the week, with Regency Alliance Insurance leading after transacting 102.6 million shares worth N176.9 million in 1,619 deals.
Lasaco Assurance followed with 55.9 million shares valued at N168.1 million across 584 deals, while AIICO Insurance recorded 36.8 million shares worth N149.5 million in 2,052 transactions.
Veritas Kapital Assurance sold 62.04 million shares worth N135.4 million in 764 transactions, while Sovereign Trust Insurance traded 41.2 million shares valued at N123.5 million across 576 deals.
Nem Insurance exchanged 3.9 million shares worth N111.3 million in 459 deals, while Consolidated Hallmark Holdings sold 24.8 million shares valued at N105.2 million in 460 transactions.
Cornerstone Insurance traded 15.4 million shares worth N102.6 million across 430 deals, while Mutual Benefits Assurance sold 22.6 million shares valued at N89.4 million in 667 transactions.
Universal Insurance recorded 54.7 million shares worth N66.4 million in 695 deals, while AXA Mansard Insurance sold three million shares valued at N47.7 million in 490 transactions.
Linkage Assurance traded 19.6 million shares worth N41.9 million across 291 deals, while WAPIC Insurance recorded 8.5 million shares valued at N28.7 million in 484 transactions.
Prestige Assurance exchanged 15.5 million shares worth N28.21 million across 342 deals, while Sunu Assurances transacted 4.98 million shares valued at N27.3 million in 291 transactions.
Lastly, Guinea Insurance traded 9.35 million shares valued at N15.01 million across 451 deals. # Investors Trade 481m Insurance Stock in Nigerian Exchange Fitch Affirms South Africa at ‘BB-‘ with Stable Outlook
