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Lasaco Assurance

Buy Lasaco Assurance stocks

Lasaco Assurance (NGX: LASACO) Stocks

What is Lasaco Assurance Plc

Lasaco Assurance Plc is a Nigeria based composite insurance and financial services company that is licensed to underwrite business in major sectors of the economy. This includes the heavy engineering, construction, banking and finance, manufacturing, agriculture and tourism sectors. Lasaco Assurance Plc provides various classes of insurance, such as general accident, fire, motor, engineering, marine, bond insurances and life assurance businesses and transacts insurance business for aviation, oil and gas and other special risks.

Lasaco Assurance Plc operates through two segments: Non-life business and Life business.

The history of Lasaco Assurance Plc can be traced back to 1979 when it was founded, and it was listed on 14 June 1991.

Today, Lasaco Assurance Plc has a diversified portfolio in more sectors of the financial services value chain that includes leadership and a significant stake in key federal and state government insurance businesses, multinational and private companies. Lafarge Africa Plc also offers life cover to high-tech, capital intensive and special risk sectors such as oil and gas and aerospace.

Lasaco Assurance Plc’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol LASACO.

Lasaco Assurance Plc currently serves clients in areas in West Africa.

Lasaco Assurance Plc has its headquarters at Lasaco House, Plot 16, Acme Road Ogba, Ikeja, Lagos, Nigeria.

The current Chief Executive Officer and Managing Director of Lasaco Assurance Plc is Razzaq D. Abiodun.

Lasaco Assurance Plc forms part of the Financial Services Sector and Insurance Carriers, Brokers Sub Sector. It is listed under the following indices: XNSA All Share and XNSA Insurance.

 

Lasaco Assurance Plc Stock Performance

The current price for Lasaco Assurance Plc stocks is 1.13 Nigerian Naira (NGN). The company has a total market capitalisation of 2.07 Billion NGN with a P/E ratio of 10.27 and earnings per share of 0.11 NGN. A total of 1.83 Billion shares are outstanding.

With an increase of earnings per share and consistent profits over a period, investors who want to buy or sell Lasaco Assurance Plc stocks can be assured of lucrative dividends and earnings in times to come.

According to an analysis on the live chart of Lasaco Assurance Plc, analysts forecast further improved performance for the financial services sector with market share growing as trading volumes increase.


Highlights of Lasaco Assurance Plc in 2022

Lasaco Assurance Plc started the year with a share price of 0.35 NGN, and it has gained 223 % in value on its price valuation, ranking second on the NGX where year-to-date performance is concerned.

Lasaco Assurance Plc is currently the 56th most-traded stock on the NGX and it has experienced a total trading volume of more than 39.1 million shares, which were finalized in 955 deals and were valued at a total of 44.1 million NGN over three months, with an average of 619 925 shares in each trading session.

The highest volume shares traded on one single day was 10.6 million, on 4 November.

 

How to buy Lasaco Assurance Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders’ participation daily. To buy, sell or trade Lasaco Assurance Plc stocks, traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “LASACO”.
  2. Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. Review the broker’s trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.


FAQs

What is the NGX?

The Nigerian Stock Exchange (NGX), officially known as the Nigerian Exchange Group, comprises leading integrated market infrastructure in Africa that is servicing the Nigerian economy – the continent’s largest. The NGX provides capital access to companies that are seeking to gain the support of the financial markets to fund their business expansion.

Similarly, NGX offers its pool of domestic, regional, and international investors an assortment of regulated securities to in turn achieve their investment objectives.

Since March 2022, the former Nigerian Stock Exchange was demutualised from a member-owned not-for-profit entity into a shareholder-owned, profit making entity called the Nigerian Exchange Group Plc.

NGX publishes the standard, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100. The ASI tracks the general market movement of all listed equities on the Exchange, including those listed on the Growth Board, regardless of capitalisation.

Additional indices include the NGX30 and NGX50 which correspondingly track the top 30 and 50 companies in terms of market capitalisation and liquidity. Both of these indices, in which only fully paid-up common shares are admitted, are weighted by adjusted market capitalisation.

 

On which stock exchange does Lasaco Assurance Plc have shares for sale?

Lasaco Assurance Plc trades its equity on the Nigerian Stock Exchange (NGX) under the stock symbol LASACO.

 

What type of company is Lasaco Assurance Plc?

Lasaco Assurance Plc is a Nigeria based composite insurance and financial services company that is licensed to underwrite business in major sectors of the economy which includes the heavy engineering, construction, banking and finance, manufacturing, agriculture and tourism sectors.

 

In which industry and sector does Lasaco Assurance Plc operate?

Lasaco Assurance Plc forms part of the Financial Services Sector and Insurance Carriers, Brokers Sub Sector.

 

What is the price of Lasaco Assurance Plc shares today?

At the time of writing, the current price of Lasaco Assurance Plc shares was 1.13 NGN.

 

Is Lasaco Assurance Plc a good investment?

Yes, Lasaco Assurance Plc’s forecast indicates further growth and improvement in the second half of 2022, with investors expecting lucrative dividends and returns with increased financial performance.

 

What is the risk analysis for Lasaco Assurance Plc?

Lasaco Assurance Plc experienced a one year change of 232.35 % although investors should be aware that LASACO recently had a bad performance, losing 6 % of its value in the recent four weeks.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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