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NEM INSURANCE - NEWS
WAPIC (+10%) led the gainers for the day, while REGALINS (-9.96%) topped the losers.
The growth in the NSE Insurance Index for the week can be attributed to the appreciation of most insurance stocks.
Performance across sectors was bearish as 3 of the 5 indexes under our coverage trended bearishly.
The five insurance companies coincidentally are the only insurance companies that recorded positive growth.
Onyeagwu has highlighted the regulatory challenges that SMEs are faced in trying to secure bank lending.
UPDCREIT (+9.35%) led the gainer’s chart today, while AFRIPRUD (-9.59%) was the top loser.
The market breadth closed positive as UAC-PROP led 31 Gainers as against 9 Losers topped by LIVESTOCK.
Listed Insurance companies to incur over N112 billion in claims in 2020.
January was great for Nigerian stock and these were the best stocks.
Market sentiment, as measured by the market breadth, closed negative as 33 stocks lost, relative to 21 gainers.
Why the insurance sector is currently the best performing stock market index in the country
NEM Insurance Plc MD/CEO has splashed the sum of N9.2 million on additional 4 milion shares of the company.