Why Veritas Kapital Assurance’s stock price is rising
In the Nigerian Exchange (NGX) in 2024, a few stocks have posted triple-digit gains, one of which is Veritas Kapital Assurance (VERITASKAP), which has gained 338 percent year-to-date. The stock started 2024 with a share price of N0.37 and traded at a share price of N1.62 as of October 7, 2024.
Apart from Veritas Kapital Assurance.
Just like Oando, VERITASKAP’s surge in the second half of 2024 has beaten the NGX growth trend. So far in H2, the stock has appreciated by 76 percent, despite the NGX declining by 2 percent during the same period.
Between May and July 2024, VERITASKAP appreciated by over 100 percent, moving from N0.57 as of May 20 to N1.21 as of July 8. During the same period, there was immense buy pressure on VERITASKAP…
