Twenty Nigerian insurance firms’ market capitalisation reached N590.26bn, according to data from the Nigeria Exchange Limited at the close of trading on Wednesday.
AIICO Insurance Plc recorded a market capitalisation of N68.82bn, reflecting a 9.94 per cent increase in its stock price, which closed at N1.88. The company recorded 352 trades and a trading volume of 54,330,872 shares.
AXA Mansard Insurance Plc followed with a market capitalisation of N85.5bn. The stock price rose by 3.83 per cent to close at N9.50, with 118 trades and 2,874,592 shares exchanged.
Consolidated Hallmark Insurance Plc stock price fell by 5.82 per cent, closing at N3.40. The company’s market cap stands at N36.86bn, with 46 trades and 1,666,864 shares traded.
Cornerstone Insurance Plc, with a market cap of N71.39bn, saw a 5.30 per cent drop in its stock price, closing at N3.93. The company had 105 trades and a trading volume of 7,233,385 shares.
Coronation Insurance Plc recorded a slight decline of 0.74 per cent, closing at N2.67. The company’s market capitalisation is N64.06bn, with 122 trades and 6,045,461 shares exchanged.
Goldlink Insurance Plc’s market capitalisation is N909.99m, with no change in its stock price, which remained at N0.20. The company had no trades during the period.
Guinea Insurance Plc stock price rose by 2.06 per cent, closing at N0.99. The market cap stands at N7.86bn, with 154 trades and a trading volume of 25,501,155 shares.
International Energy Insurance Plc stock price remained unchanged, closing at N2.00. The company has a market capitalisation of N2.57bn, with 18 trades and 82,242 shares traded.
Lasaco Assurance Plc recorded a 2.44 per cent decline, with its stock price closing at N3.60. The market cap is N6.6bn, with 37 trades and 1,404,884 shares exchanged.
Linkage Assurance Plc saw a 9.72 per cent increase in its stock price, closing at N1.58. The market capitalisation stands at N24.33bn, with 79 trades and 8,187,830 shares traded.
Mutual Benefits Assurance Plc closed at N0.61, with no trades recorded. The market cap is N12.24bn.
NEM Insurance Plc saw a 0.76 per cent decrease in its stock price, closing at N13.00. The company’s market capitalisation is N65.21bn, with 107 trades and 3,955,683 shares exchanged.
Prestige Assurance Plc stock price dropped by 2.10 per cent, closing at N1.40. Its market cap stands at N18.55bn, with 146 trades and 13,107,089 shares exchanged.
Regency Assurance Plc recorded a 4.17 per cent decline in its stock price, closing at N0.92. The market capitalisation is N11.04bn, with 106 trades and 9,999,030 shares traded.
Sovereign Trust Insurance Plc stock price rose by 4.17 per cent, closing at N1.50. The company’s market cap is N21.34bn, with 73 trades and 4,927,312 shares exchanged.
Staco Insurance Plc stock price remained unchanged, closing at N0.48. The market capitalisation is N4.48bn, with no trades recorded.
Standard Alliance Insurance Plc stock price remained unchanged at N0.20, with no trades or change in market capitalisation, which stands at N2.58bn.
Sunu Assurances Nigeria Plc recorded a significant 9.99 per cent decline in its stock price, closing at N9.01. The market capitalisation is N52.36bn, with 103 trades and 1,351,669 shares exchanged.
Universal Insurance Plc stock price dropped by 8.97 per cent, closing at N0.71. The company’s market cap is N11.36bn, with 309 trades and 56,614,976 shares exchanged.
Veritas Kapital Assurance Plc saw a 4.58 per cent increase in its stock price, closing at N1.60. Its market capitalisation stands at N22.19bn, with 203 trades and 25,498,979 shares traded.
The PUNCH reported that the National Insurance Commission and some other stakeholders in the insurance industry have said that the passage of the new Insurance Consolidated Bill by the Senate will lead to a bigger sector.
