Insurance firms performed below market expectation in HY 2021 earnings- Kurfi

The Half Year 2021 earnings of most listed firms on the Nigerian Exchange was very impressive except for the Insurance Sector.

The insurance sector’s earnings fell below market expectation. Most of them came with marginal growth. Some of them declared negative returns because of the market price of bond. Most of them set their bonds available for sales; and that is marked to market. Most of the bonds are trading below the opening price of January 2021. So that reflected in most of the insurance companies.

In this audio, the MD/CEO of APT Securities and Funds Limited, Mallam Garba Kurfi with Abayomi Obabolujo did in depth analysis of the HY 2021 earnings of the following stocks:

  • Jaiz, Union Bank, Sterling Bank, CHI, WAPIC, Universal Insurance, Veritas, AIICO, C&I Leasing, Julius Berger and Eterna Plc
  • Possibilities in telecom and Cement Industry

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