AXA Mansard, Continental- Re remain top priced insurance stocks
THE Nigerian Insurance sector provides sound investment opportunity for investors with focus on growing their portfolios and generating financial returns.
The top five price issuance stocks as at the close of trade Friday 19th May 2017 showed earning opportunities ,as cross section of analysts maintained that the top priced insurance stocks are undervalued and could generate short to medium term 100 per cent growth in equity pricing.
During the week, some of the top priced insurance companies commanded high volume, while others maintained subtle turnover.
The top five priced insurance stocks for the week showed that Axa Mansard which held its Annual General Meeting (AGM) last week, sustained sector price leadership at N1.58 per share. The company during the week pulled a turnover of 1,950,547 million shares worth N3,111, 077.53 million.
Continental Reinsurance followed trailed behind Axa Mansard with equity price valued at N1.26 per share. The company during the week recorded a turnover of 3,582,256 million shares worth N4, 361,816.02 million in 95 deals.
NEM insurance clinched the third most price insurance stock last week with equity piece of N1.03 per share. NEM, during the week emerged as top traded insurance company with 5,078,029 million shares worth N4, 828,920.72 million recorded in 92 deals.
Law Union and Rock Insurance Plc.
Law union during the week commanded 0.84 kobo per share. The company during the week pulled the sector’s highest turnover for the week, pulling 33,220,234 million shares worth N26, 593, 111.52, traded by investors in 24 deals.
Linkage Assurance closed the top five priced insurance stock last week at 0.58kobo per share. The company during the week recorded a turnover of 619,740 shares worth N328, 911.10 transacted by investors in 14 deals.
