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Analysis
FirstHoldCo Plc 45.575 billion outstanding shares market value slipped about 13% below its 52-week high on the Nigerian Exchange (NGX), its trading data from the local bourse revealed.
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Amidst ongoing recapitalisation in the banking sector, the Nigerian top five (5) banks have gained significant weight on the Nigerian Exchange (NGX) amidst valuation attraction, strong earnings, and sustained dividend payments.
FBN Holdings Plc climbed by more than 10% in the equities segment of the Nigerian Exchange, NGX, over a fresh rally that lasted for 4 out of five trading sessions last week. According to trading data from the NGX platform, Ticker: FBNH surged to N33 following an unusual volume of shares traded on the equities platform, reflecting its strong liquidity.