AXA Mansard Nigeria

Nigerian Bourse Records Flattish Close… NSE ASI down 3bps

Posted on by The Editorial Team
Nigerian Bourse Records Flattish Close… NSE ASI down 3bps

LAGOS (Capital Markets in Africa) – The local bourse recorded a flattish close as the benchmark index shed 3bps to close at 25,266.15 points while YTD loss stayed at 6.0%. Rally in OANDO (+6.3%) which submitted FY:2016 result late yesterday was offset by a weak appetite for Tier-1 banks – ETI (-3.0%), UBA (-2.3%), GUARANTY (-0.6%) – as well as FORTE (-5.9%) to ensure the flattish close. Accordingly, investors lost N2.4bn as market capitalization settled at N8.7tn. However, activity level surged from yesterday’s low as…

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AXA Mansard Plc 2015 FY: Claims incurred on Life Pressures PAT

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa — AXA Mansard Plc (“Mansard” or “The Company”) published its audited FY: 2015 result on March 17, 2016, on the floor of the Nigerian Stock Exchange (NSE). The Company recorded a decline in Gross Premium Written (GPW), however, Gross Premium Earned (GPE) and Profit after Tax stayed positive. We present the highlights of the result and our FY: 2016 estimates.  GPW declined 4.7% Y-o-Y but GPE Rose 12.7% Y-o-Y…

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