BUSINESS

Bull Rules Over Bear In Insurance Index Of NGX At End Of First Trading Week In 2022

 

The bull ruled over the bear in the Insurance index of the NGX at the end of the first trading week of the year 2022 as the market closed the week on a positive 0.01% benchmark All-Share Index amid sell-offs and buy-interests.

The insurance ASI closed at 196.26 basis point as at 7th January 2022 with the total market cap of the 16 listed insurers at N131.99 billion with performance majorly driven by top insurers with the largest market cap.

Meanwhile, the Nigerian stock exchange market also closed the week on a positive note as the benchmark All-Share Index (ASI) appreciated by 57 basis points to close at 43,854.42 points, reflecting a growth of 0.57% from the previous trading day and a Year-to-Date (YTD) return of 2.66%.

Highlight of insurers performance

AIICO flat at 0.78
CHIPLC down -9.59% to close at 0.66
CORNERST up +10.00% to close at 0.55
LASACO down -1.79% to close at 1.1
LINKASSURE flat at 0.5
SOVERENINS down -7.14% to close at 0.26
UNIVINSURE flat at 0.2
VERITASKAP flat at 0.23
WAPIC flat at 0.51
MANSARD up by +0.88% to close at 2.3
MBENEFIT flat at 0.31NEM flat at 4.15
PRESTIGE Flat at 0.51
REGALINS down -2.08% to close at 0.47

NGX ASI Top Traded by Volume

AIICO INSURANCE at 3,933,888 Units
SOVEREIGN INSURANCE at 1,428,401 Units
REGALINS at 999,621 Units
MANSARD at 796,130 Units
UNIVINSURE at 617,500 Units

NGX ASI Top Traded by Value

AIICO Insurance at N3,063,715.88
Mansard at N1,830,895.66
Lasaco at N632,531.00
Regalins at N459,829.45
Sovereign insurance at N371,389.26

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