By Niyi Jacobs
Mutual Benefit Assurance Plc emerged as the top performer in the equities market last week, with its share price surging by approximately 57%, driven by strong investor sentiment and consistent accumulation of shares. This rally propelled the company’s market value to N21 billion, its highest level in the past 52 weeks.
The price hike saw Mutual Benefit’s shares reaching N1.05 per share by Friday, as investors focused on the company’s earnings outlook despite a delay in the release of its 2024 audited financial statement.
Market data revealed that the company’s value jumped 56.7% week-on-week, reaching N21.064 billion, fueled by active trading. The assurance services provider’s stakeholders were informed of a delay in the publication of the 2024 audited financial statement and the unaudited financials for Q1 2025.
The company explained that its actuaries and external auditors are still finalizing the audit process, and it expects the financial statements to be released by June 30, 2025.
