First HoldCo Slips 8% Ahead of Board’s Earnings Review Meeting

First HoldCo Slips 8% Ahead of Board’s Earnings Review Meeting

First HoldCo Plc lost more than 8% of its market value on Thursday in the Nigerian stock market as investors’ sentiment weakened ahead of a board meeting.

The financial services company’s share price declined to N52.5 from as sell-side actors led 5.526 million units at a transaction value of N301.962 million in the market.

The share price declined by 8.22% to N52.5 from an opening price of N57.2. The sell action extended First HoldCo’s price depreciation to 13.22%.

The market value of the Group’s 45.475 billion outstanding shares on the local bourse declined to N2.387 trillion, significantly below the 52-week high due to price volatility.  First HoldCo is trading at about 36% below N81.9 per share, its 52-week high on the Nigerian Exchange.

According to its regulatory disclosure, the Board of Directors of First HoldCo Plc will meet to consider the Unaudited Financial Statements for the period ended June 30, 2026, on Tuesday, July 28, 2026.

First Holdco has commenced its closed period from 1st July 2026 and will continue until twenty-four (24) hours after the Company’s Unaudited Financial Statements for the period ending June 30, 2026, has been filed on the Nigerian Exchange Limited.

During the closed period, insiders are not permitted to trade the Company’s shares.  FirstHoldco Surges by10% as Investors Buy the Dip