FCMB Gains 5% as Board of Directors Approves Q1 Earnings
FCMB Group Plc saw a 5% increase in market capitalisation after the Board of Directors approved the first-quarter financial results for 2026.
Trading data from the Nigerian Exchange (NGX) showed that the financial services company’s share price rose to N12.65 at the close of trading on Friday.
Based on data from the Nigerian bourse, FCMB recorded significant shares trading volume last week, driven mostly by buy-side actors.
Market value of FCMB Group Plc’s 65.954 billion outstanding shares surged to N834.325 billion, tracking its highest valuation in the last 52 weeks in the local bourse.
The share price increased 4.97% over the last five trading sessions as investors continue to take positions ahead of the earnings release in the coming days.
A review of equity analysts’ notes signals strong upside potential for investors who made an early investment bet on FCMB in anticipation of strong performance post-recapitalisation.
Last week, the group told the Nigerian Exchange that the board approved Q1 earnings at a meeting held on Friday, April 24, 2026.
FCMB maintained that the Company’s closed period, which commenced on January 1, 2026, will subsist until 24 hours after the release of the Audited Financial Statements for the year ended December 31, 2025, and the Unaudited Financial Statements for the quarter ended March 31, 2026.
