Top Stock Picks for the Week: Mutual Benefits, May & Baker, and Sterling Lead the Pack
As the Nigerian stock market rides on the momentum of impressive Q3 2025 earnings, investor sentiment remains upbeat. Last week’s flood of corporate results — released just before the October 31st deadline — sparked renewed optimism, pushing the benchmark index up by 1% and bringing year-to-date returns to an impressive 49.7%.
According to analysts at Meristem Securities, “Investor sentiment will continue to be driven by the ongoing release of 9M 2025 earnings and dividend declarations, which are likely to sustain buying interest from dividend-seeking investors.”
In this upbeat environment, several companies have stood out for their strong fundamentals and consistent performance. Based on analytical market reviews, here are the top five stocks to watch this week — not as a buy, sell, or hold recommendation, but as a guide for informed investing.
Mutual Benefits Assurance Plc
Mutual Benefits tops this week’s list following a remarkable performance.
• After-tax profit surged by 208.5% to ₦14.3 billion in the nine months to September.
• The insurer’s Net Profit Ratio (NPR) stands at 13.1%, reflecting solid profitability.
• With a Price-to-Earnings (P/E) ratio of 4.2x and a Relative Strength Index (RSI) of 52.1, the stock maintains a healthy balance between value and momentum.
May & Baker Nigeria Plc
The pharmaceutical firm continues to reward investors with strong earnings growth.
• Net profit rose 77% to ₦3.3 billion in the same nine-month period.
• Its NPR of 7.1% and P/E ratio of 13.1x show consistent value creation.
• The RSI of 38.3 indicates moderate activity, suggesting potential for upward movement as investors react to the company’s results.
Sterling Financial Holdings
Sterling Holdings earns its place on the list for trading below its intrinsic value while maintaining solid profitability.
• The financial group posted an impressive NPR of 33.3% — one of the strongest among peers.
• With a P/E ratio of 4.2x and RSI of 51.6, Sterling’s fundamentals hint at an undervalued opportunity for investors seeking long-term growth.
⚡ Seplat Energy Plc
Seplat continues to demonstrate resilience despite industry challenges.
• The company recorded an NPR of 5.8%, with a P/E ratio of 17.8x.
• Its RSI of 100 reflects strong buying pressure — a sign of sustained investor confidence in the stock.
Berger Paints Plc
Rounding out the list is Berger Paints, recognized for steady earnings and robust fundamentals.
• The company’s NPR stands at 9.6%, while its P/E ratio of 10.7x points to fair valuation.
• With an RSI of 71.4, the stock shows healthy momentum driven by consistent performance.
The Bottom Line
The Nigerian market remains driven by corporate earnings and dividend expectations. For investors looking to position strategically, these five stocks provide insights into sectors with resilience, profitability, and growth potential.
Note: This list serves as an investment guide, not a buy, sell, or hold recommendation. Always consult your financial advisor before making investment decisions.
As the Nigerian stock market rides on the momentum of impressive Q3 2025 earnings, investor sentiment remains upbeat. Last week’s flood of corporate results — released just before the October 31st deadline — sparked renewed optimism, pushing the benchmark index up by 1% and bringing year-to-date returns to an impressive 49.7%.
According to analysts at Meristem Securities, “Investor sentiment will continue to be driven by the ongoing release of 9M 2025 earnings and dividend declarations, which are likely to sustain buying interest from dividend-seeking investors.”
In this upbeat environment, several companies have stood out for their strong fundamentals and consistent performance. Based on analytical market reviews, here are the top five stocks to watch this week — not as a buy, sell, or hold recommendation, but as a guide for informed investing.
Mutual Benefits Assurance Plc
Mutual Benefits tops this week’s list following a remarkable performance.
• After-tax profit surged by 208.5% to ₦14.3 billion in the nine months to September.
• The insurer’s Net Profit Ratio (NPR) stands at 13.1%, reflecting solid profitability.
• With a Price-to-Earnings (P/E) ratio of 4.2x and a Relative Strength Index (RSI) of 52.1, the stock maintains a healthy balance between value and momentum.
May & Baker Nigeria Plc
The pharmaceutical firm continues to reward investors with strong earnings growth.
• Net profit rose 77% to ₦3.3 billion in the same nine-month period.
• Its NPR of 7.1% and P/E ratio of 13.1x show consistent value creation.
• The RSI of 38.3 indicates moderate activity, suggesting potential for upward movement as investors react to the company’s results.
Sterling Financial Holdings
Sterling Holdings earns its place on the list for trading below its intrinsic value while maintaining solid profitability.
• The financial group posted an impressive NPR of 33.3% — one of the strongest among peers.
• With a P/E ratio of 4.2x and RSI of 51.6, Sterling’s fundamentals hint at an undervalued opportunity for investors seeking long-term growth.
⚡ Seplat Energy Plc
Seplat continues to demonstrate resilience despite industry challenges.
• The company recorded an NPR of 5.8%, with a P/E ratio of 17.8x.
• Its RSI of 100 reflects strong buying pressure — a sign of sustained investor confidence in the stock.
Berger Paints Plc
Rounding out the list is Berger Paints, recognized for steady earnings and robust fundamentals.
• The company’s NPR stands at 9.6%, while its P/E ratio of 10.7x points to fair valuation.
• With an RSI of 71.4, the stock shows healthy momentum driven by consistent performance.
The Bottom Line
The Nigerian market remains driven by corporate earnings and dividend expectations. For investors looking to position strategically, these five stocks provide insights into sectors with resilience, profitability, and growth potential.
Note: This list serves as an investment guide, not a buy, sell, or hold recommendation. Always consult your financial advisor before making investment decisions.