Insurance Stocks Lead Financial Services Sector with ₦2 Trillion Weekly Turnover on NGX

Insurance stocks dominated trading activity on the Nigerian Exchange (NGX) between July 28 and August 1, 2025, with a total turnover of ₦1.99 trillion recorded across the sub-sector. Data from the NGX’s weekly activity summary showed that a total of 985.5 million shares changed hands in 12,451 deals within the Insurance Carriers, Brokers and Services segment of the Financial Services sector.

AIICO Insurance Plc topped the chart in terms of deal volume, with 76.04 million shares traded in 2,258 deals, amounting to a value of ₦166.97 million. Consolidated Hallmark Holdings Plc followed closely, recording 71.09 million units traded in 945 deals, valued at ₦234.69 million.

AXA Mansard Insurance Plc emerged as the sub-sector’s highest-value stock for the week, with 26.99 million shares traded in 1,043 deals, worth ₦320.07 million. This strong performance signals heightened investor confidence, particularly in the company’s financial outlook and operational resilience.

In terms of volume, Universal Insurance Plc led the pack with 227.53 million shares traded, contributing ₦174.36 million in value. Regency Assurance Plc and Veritas Kapital Assurance Plc also recorded significant volumes, with 122.83 million and 103.56 million shares traded, respectively.

Other active counters during the week included:

Sovereign Trust Insurance Plc – 69.63 million shares traded at ₦136.78 million,

SUNU Assurances Nigeria Plc – 35.65 million shares valued at ₦155.08 million, and

NEM Insurance Plc, which saw 4.68 million units traded at a value of ₦112 million, reflecting high investor interest despite lower volumes.

The week’s performance highlights growing investor appetite for insurance equities, especially among retail and institutional players seeking undervalued but promising stocks. Market analysts attribute the surge in activity to renewed optimism in the insurance sector, driven by ongoing regulatory reforms, improved financial disclosures, and broader economic stability.

As trading activities in insurance stocks continue to gain traction, stakeholders believe the sector is gradually becoming a viable avenue for capital inflow and long-term investment. The week’s numbers send a clear message: insurance equities are stepping into the spotlight on the Nigerian capital market.