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    Analysis

    FCMB Gains, Nears N800bn after Additional Shares Listing

    Julius AlagbeBy Updated:No Comments2 Mins Read
    FCMB Gains, Nears N800bn after Additional Shares Listing

    FCMB Gains, Nears N800bn after Additional Shares Listing

    Market value of FCMB Group Plc.’s 65.954 billion outstanding shares climbed by 2.54% to about N800 billion, an uptick driven by bargain hunting and additional listing.

    Investors ramped up their holdings of FCMB shares in the stock market ahead of the first-quarter earnings season for the financial year 2026.

    Post-recapitalisation confidence will continue to boost momentum in banking names, with pension managers staking their necks deep into stocks.  

    Trading data from the Nigerian Exchange showed that the financial services group’s share price rose to N12.1 as 6.723 million units valued at N81.015 million were traded.

    The trading actions led by buy-side actors lifted FCMB’s market value to N798.0505 billion, bolstered by additional shares listed on the Exchange.

    FCMB listed 23,182,887,000 Ordinary Shares of 50 Kobo each, arising from the group Public Offer, priced at N10.00 per Share in the local bourse.

    The new shares listed altered Nigerian Exchange indicators, as the market cap and the All-Share Index growth diverged. Key performance indicators mixed: The NGX-ASI increased by 0.21%, while the Market Capitalisation increased by 0.46%.

    Investors anticipate increased earnings growth due to a stronger capital position as FCMB is among Nigerian lenders that survived the Apex Bank recapitalisation.  #FCMB Gains, Nears N800bn after Additional Shares Listing GTCO Gains as 2025 Dividend, Payout Ratio Attract Investors

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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