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Lasaco Assurance Plc (NGX: LASACO) | Share Price

Updated 18 Aug 2022
Lasaco Assurance Plc

Lasaco Assurance Plc is a composite insurance and financial services company listed on the Nigerian Stock Exchange (NGX).

Latest Lasaco Assurance Plc Share Price

The graph above shows the latest Lasaco Assurance Plc share price on the Nigerian Stock Exchange. Investors have seen Lasaco Assurance Plc shares perform well historically, and it remains a steady investment. Lasaco Assurance Plc stock is live on the NGX under the stock symbol of LASACO and is available to trade via several brokers in Nigeria.

Overview of Lasaco Assurance Plc

Lasaco Assurance Plc is involved in the underwriting of 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 kinds 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.

Today, Lasaco Assurance Plc’s portfolio of products and services are diversified in more sectors of the Financials value chain and include the following: 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.

The history of Lasaco Assurance Plc goes back to 1979 when it was first founded, and it had been listed on 14 June 1991.

Lasaco Assurance

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

The company renders its services in West Africa.

The current CEO and Managing Director of Lasaco Assurance Plc is Razzaq D. Abiodun.

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

Lasaco Assurance Plc forms part of the Insurance Carriers, Brokers Sub Sector and the Financials Sector of the Nigerian Stock Exchange (NGX).

Lasaco Assurance Plc Stock Performance

The current price for Lasaco Assurance Plc stocks on the Nigerian Stock Exchange (NGX) is 1.04 Nigerian Naira (NGN).

An analysis of financial data of Lasaco Assurance Plc showed that the company has a total market capitalisation of 1.91 Billion NGN, with a Price/Earning ratio of 9.45 and earnings per share of 0.11 NGN.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Lasaco Assurance Plc stocks can look forward to more profitable 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 Financials sector with market share growing as trading volumes increase.

Highlights of Lasaco Assurance Plc in 2021

Lasaco Assurance Plc started the current financial year (2021) with a share price of 0.35 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX), and it has gained 197 % in value on its price valuation, ranking fourth on the NGX with its year-to-date performance.

LASACO however lost 5% of its value in the past four weeks.

Lasaco Assurance Plc is currently the 54th most-traded stock on the NGX and it has experienced a total trading volume of more than 41.3 million shares, which were finalised in 920 deals and were valued at a total of 45 million Nigerian Naira (NGN) over the recent three month period from September to December 2021, with an average of 655,113 shares in each trading session.

During the same period a volume high of 10.6 million was achieved on November 4 and a low of 2,500 on October 15.

Lasaco Assurance - How To Trade

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 participating daily. To buy, sell or trade Lasaco Assurance Plc stocks on the Nigerian Stock Exchange (NGX), 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. Once your account has been activated, you are ready to make your first share purchase through the broker.
  6. From here you can start to build and diversify your portfolio by buying more shares.

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