Local Bourse Defy End-SARS Tension, Gain ₦19.66 billion w/w

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The local bourse this week gained ₦19.66 billion despite the tension that greeted the End-SARS protest across many states, and the subsequent imposition of curfew in Lagos and some other states during the week.

Besides, the market also shrugged off the negative sentiment that should have accompanied the weak recovery in Q3 earnings results of some medium and large capitalized companies published this week.

Local Bourse Defy End-SARS Tension, Gain ₦19.66 billion Brandspurng
GTI Research

Consequently, the NSE-All Share index and the Market Capitalization value both appreciated by 0.13% w/w to close at 28,697.06 absolute points and ₦14.999 trillion respectively, compared to prior week closing positions of 28,659.45 absolute points and ₦14.979 trillion.

Nevertheless, four of the five major sector indices closed negatively, led by Insurance -2.03%, Banking -1.42%, Oil& Gas -0.69%, and Industrial goods -0.06%, save for the Consumer goods sector which gained +2.86% w/w respectively. INTBREW emerged best performing stock this week with a week-on-week gain of 18.20%, while NNFM shed -9.9 % w/w to emerge top of the losers table.

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Overall, a total turnover of 1.28 billion shares worth ₦14.05 billion in 16,724 deals was traded this week by investors on the floor of the Nigerian exchange in contrast to a total 1.95 billion shares valued at ₦22.98 billion that exchanged hands in 22,844 deals last week.

Read Also:  Hogan Lovells Leads Discussion On Sustainable Growth In Nigeria’s Mining Sector

Local Bourse Defy End-SARS Tension, Gain ₦19.66 billion w w Brandspurng
On October 20th 2020, Nigerian Police and Army Forces harassed, harmed and killed numerous civilians while, denying their civil and legal rights to protest on the streets – leading to many Nigerians Across the world to come out and protest after SARS only a few days ago was dissolved. Outputting their excessive disappointment in the country even after Independence was given by the British over 60 Years ago | Photo by Ehimetalor Akhere Unuabon

A total of Twenty-Eight (28) equities appreciated at price during the week, lower than Thirty-five (35) equities in the previous week. Thirtyfive (35) equities depreciated in price, higher than twenty-Three (23) equities in the previous week, while Ninety-Nine 99 equities closed unchanged, lower than a Hundred and Five (105) recorded in the prior week.

Market Outlook:

Week ending 30th October 2020 With more Q3 earnings results expected to be released next week, we expect the market to sustain the current positive trend, albeit at a modest pace.

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Local Bourse Defy End-SARS Tension, Gain ₦19.66 billion w/w - Brand Spur

DirectAsia Reveals 5 Factors That Could Influence Your Car Insurance Quotes...

SINGAPORE - Media OutReach - 14 May 2021 - Despite global economic disruptions brought about by the COVID-19 pandemic, car insurance premiums remain steep in Singapore. In a bid to help car owners make informed decisions about their vehicle insurance coverage and ensure accessibility of car insurance, DirectAsia, Singapore's leading online insurer, points out that individuals must first be educated on the determinants of one's policy. The organisation thus puts its support behind car owners by revealing several factors that insurers weigh when pricing out a quote.


Local Bourse Defy End-SARS Tension, Gain ₦19.66 billion w/w - Brand Spur


1. Vehicle Make and Model

Continental cars, luxury cars and SUVs are typically tied to higher insurance rates. These can be attributed to the importing fees and expensive parts. On the contrary, vehicle owners can anticipate lower insurance rates when owning a car from Japanese or Korean brands.

2. Age of Car

New vehicles are obligated to higher insurance rates as the potential costs of repairing or replacing the car parts are being considered. The rates dip as the car ages and stay at a minimum when the vehicle reaches ten years or more.

3. Experience & Age of Insured


Given that younger drivers have a higher propensity to take risks while driving and pose a greater likelihood of being involved in car accidents, insurers tend to charge higher rates for this age group. This also applies to novice drivers with less than two years of experience behind the wheels. Following that are senior drivers above the age of 65, who may have higher risk of accidents on the roads.

4. Vehicle Modifications


Car modification is one of the lesser-known factors that could raise your insurance premium. Despite that, DirectAsia emphasises the importance of declaring any modifications to the insurer or prospective insurer, as non-disclosure may result in future claims being repudiated.

5. Claim History

Lastly, claim history is also added to the equation. If a single claim above $10,000 or two or more claims were made in the past three years, insurers might add on loading fees, which results in a higher base premium.

Conversely, individuals with good driving records and no past claims within one year or more are entitled to no claim discount(NCD). This can go up to 60% at DirectAsia.

Revolutionising Car Insurance in Singapore and Beyond

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Besides understanding the rating factors, DirectAsia highlights that finding the right insurer to meet an individual's unique lifestyles, preferences and needs is equally critical.

Reflecting DirectAsia's relentless commitment to delivering unrivalled value are its tailored and transparent policies, complemented with exclusive promotions and optional benefits like NCD Protector Plus, Compensation for Loss of Use and more. Both experienced and inexperienced drivers can expect highly customisable motor insurance policies from the award-winning insurer.

Interested individuals can reach out to DirectAsia for a no-commitment quote here.

About DirectAsia Singapore

DirectAsia, a subsidiary of the Hiscox Group, was launched in Singapore in 2010 with a goal of changing the face of insurance in Asia. The industry leader places its customers at the forefront and seeks to make insurance less complex by offering quick, convenient and transparent online insurance policies that are jargon-free. For more information, please visit: https://www.directasia.com/.


#DirectAsia

Local Bourse Defy End-SARS Tension, Gain ₦19.66 billion w/w - Brand Spur
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Latest News

DirectAsia Reveals 5 Factors That Could Influence Your Car Insurance Quotes in Singapore

SINGAPORE - Media OutReach - 14 May 2021 - Despite global economic disruptions brought about by the COVID-19 pandemic, car insurance premiums remain steep in Singapore. In a bid to help car owners make informed decisions about their vehicle insurance coverage and ensure accessibility of car insurance, DirectAsia, Singapore's leading online insurer, points out that individuals must first be educated on the determinants of one's policy. The organisation thus puts its support behind car owners by revealing several factors that insurers weigh when pricing out a quote.


Local Bourse Defy End-SARS Tension, Gain ₦19.66 billion w/w - Brand Spur


1. Vehicle Make and Model

Continental cars, luxury cars and SUVs are typically tied to higher insurance rates. These can be attributed to the importing fees and expensive parts. On the contrary, vehicle owners can anticipate lower insurance rates when owning a car from Japanese or Korean brands.

2. Age of Car

New vehicles are obligated to higher insurance rates as the potential costs of repairing or replacing the car parts are being considered. The rates dip as the car ages and stay at a minimum when the vehicle reaches ten years or more.

3. Experience & Age of Insured


Given that younger drivers have a higher propensity to take risks while driving and pose a greater likelihood of being involved in car accidents, insurers tend to charge higher rates for this age group. This also applies to novice drivers with less than two years of experience behind the wheels. Following that are senior drivers above the age of 65, who may have higher risk of accidents on the roads.

4. Vehicle Modifications


Car modification is one of the lesser-known factors that could raise your insurance premium. Despite that, DirectAsia emphasises the importance of declaring any modifications to the insurer or prospective insurer, as non-disclosure may result in future claims being repudiated.

5. Claim History

Lastly, claim history is also added to the equation. If a single claim above $10,000 or two or more claims were made in the past three years, insurers might add on loading fees, which results in a higher base premium.

Conversely, individuals with good driving records and no past claims within one year or more are entitled to no claim discount(NCD). This can go up to 60% at DirectAsia.

Revolutionising Car Insurance in Singapore and Beyond


Besides understanding the rating factors, DirectAsia highlights that finding the right insurer to meet an individual's unique lifestyles, preferences and needs is equally critical.

Reflecting DirectAsia's relentless commitment to delivering unrivalled value are its tailored and transparent policies, complemented with exclusive promotions and optional benefits like NCD Protector Plus, Compensation for Loss of Use and more. Both experienced and inexperienced drivers can expect highly customisable motor insurance policies from the award-winning insurer.

Interested individuals can reach out to DirectAsia for a no-commitment quote here.

About DirectAsia Singapore

DirectAsia, a subsidiary of the Hiscox Group, was launched in Singapore in 2010 with a goal of changing the face of insurance in Asia. The industry leader places its customers at the forefront and seeks to make insurance less complex by offering quick, convenient and transparent online insurance policies that are jargon-free. For more information, please visit: https://www.directasia.com/.


#DirectAsia

Local Bourse Defy End-SARS Tension, Gain ₦19.66 billion w/w - Brand Spur
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