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
