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A report by Afrinvest Research says sustained losses yesterday by Law Union & Rock Insurance Plc
(-9.6%) and WAPIC Insurance Plc (-9.1%) dragged the Insurance Index lower by 0.8% at the Nigerian Stock Exchange (NSE).
Consequently, both Law Union and WAPIC led the bearish run at the market.
Afrinvest says it expects the bearish sentiment at the stock market to persist in the near term.
