The Insurance sector of the Nigerian Exchange (NGX) witnessed a surge in trading activity this week, with total transactions in the Insurance Carriers, Brokers, and Services segment hitting an impressive ₦23.9 billion across 5.17 billion units traded in 13,441 deals.
Market data revealed that Cornerstone Insurance Plc (CORNERST) emerged as the most actively traded stock, accounting for a massive 4.69 billion units valued at ₦22.21 billion. The performance underscores renewed investor confidence in the insurance sub-sector, buoyed by improved corporate disclosures, recapitalization moves, and attractive share prices.
Trailing Cornerstone was Sovereign Trust Insurance Plc (SOVRENINS), which recorded 121.35 million shares traded at a value of ₦533.27 million in 1,311 deals, reflecting consistent investor interest following recent capital restructuring and strategic business growth initiatives.
AIICO Insurance Plc (AIICO) also posted remarkable figures, moving 60.9 million units valued at ₦236.38 million through 4,171 deals, showing resilience among Nigeria’s leading insurance underwriters. Similarly, NEM Insurance Plc (NEM) traded 4.81 million shares worth ₦153.93 million, sustaining its reputation as one of the most liquid insurance stocks on the exchange.
Other top movers include LASACO Assurance Plc (LASACO) with 39.3 million units worth ₦104.22 million, Mutual Benefits Assurance Plc (MBENEFIT) with 28.73 million shares at ₦116.11 million, and Veritas Kapital Assurance Plc (VERITASKAP) with 33.63 million units valued at ₦68.88 million.
The sector’s impressive turnover highlights the growing depth and liquidity of the insurance market on the NGX, driven by both institutional and retail investors seeking long-term value in the financial services ecosystem.
Analysts believe that the performance reflects a combination of improved earnings outlooks, renewed interest in undervalued insurance equities, and market optimism ahead of full recapitalization compliance deadlines issued by the National Insurance Commission (NAICOM).
Overall, market sentiment remained positive, with investors showing confidence in the sector’s growth potential amid ongoing reforms and increased focus on financial inclusion and risk management innovation.
Cornerstone Insurance Plc led the Nigerian Exchange Insurance segment with ₦22.21 billion in trades as total sector turnover hit ₦23.9 billion across 5.17 billion shares, reflecting renewed investor confidence in Nigeria’s insurance market.
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