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Insurance stocks rescue NGX as investors recover N481 billion

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Insurance stocks rescue NGX as investors recover N481 billion

29 Jul, 2026

The benchmark NGX All-Share Index (ASI) rose 0.30% to close at 247,984.55 points, up from 247,238.74 points in the previous session, while market capitalisation increased to N159.99 trillion from N159.51 trillion. The market’s year-to-date return also improved to 59.36%. The recovery was driven primarily by insurance stocks, with LASACO Assurance, LINKASSURE and SUNU Assurance posting near double-digit gains, while advances in heavyweight stocks including HBM Nigeria, Dangote Sugar Refinery and Guinness Nigeria provided additional support....................................READ MORE