AIICO Insurance, other insurance firms dominate top 10 best performing stocks in August
A total of 10 listed companies emerged as top-performing stocks in the month of August 2025, with most of them being insurance companies.
The others are: Mutual Benefits Assurance, AIICO Insurance, Veritas Kapital Assurance, Guinea Insurance, Regency Alliance Insurance, NCR Nigeria, Coronation Insurance, Linkage Assurance, Universal Insurance and Ellah Lakes.
Reviewing the performance, it was discovered that, Mutual Benefits Assurance’s shares grew by 114.29 per cent. AIICO Insurance followed with a monthly gain of 91.47 per cent, while Veritas Kapital Assurance up by 65.35 per cent in August.
Guinea Insurance, Regency Alliance Insurance, NCR Nigeria, Coronation Insurance, Linkage Assurance, Universal Insurance and Ellah Lakes rose by 65.12 per cent, 63.75 per cent, 59.31 per cent, 56.71 per cent, 55.17 per cent, 53.85 per cent and 53.09 per cent in August.
Most of the stocks are insurance stocks as the insurance sector took the lead of the sectorial indices with a monthly gain of 44.3 per cent, following the signing of the Nigerian Insurance Industry Reform Act, 2025, by the President. This signing resulted in renewed investor interest in insurance stocks, driven by expectations of sector-wide recapitalisation and regulatory induced growth opportunities.
Meanwhile, the equities market delivered a growth slowdown in August 2025, with the benchmark index posting a marginal gain of 0.31 per cent month-on-month (M-o-M) to close at 140,295.49 points, while the market capitalisation increased by N344.6 billion to N88.8 trillion.
Looking ahead into September, Cowry Assets Management Limited said, “we expect the market to remain characterised by cautious optimism, shaped by both domestic and external factors. On the domestic front, the anticipated release of the August CPI figures will be keenly watched, as inflation dynamics continue to weigh heavily on monetary policy expectations and fixed-income yields.
“Portfolio rotation and bargain hunting are likely to remain the key themes, with investors selectively buying into undervalued names following recent corrections.”
