Babatunde Fajemirokun
Managing Director/CEO
AIICO Insurance Plc
The Nigeria Daily Market Report by Afrinvest Research for Tuesday, August 31, 2021 states that profit-taking in AIICO Insurance Plc (-3.9%) and WAPIC (Coronation Insurance Plc) (-3.9%) dragged the Insurance index at the NGX lower by 0.3%.
The Report also mentioned LASACO Assurance Plc (-9.7%) as one of the quoted firms that led the losers for the day’s trading.
‘We expect market performance to tilt in the bearish direction, as investors continue to search for optimum return. Consequently, the All-Share Index fell 27bps to 39,219.61 points, YTD loss worsened to -2.6% while market capitalisation declined ₦55.8 billion to ₦20.4 trillion. Trading activity improved as volume and value traded rose 41.4% and 28.1% to 425.7 million units and ₦2.0 billion.’
