First Holdco Gains 12.8% as Investors Tag Along with Otedola

First Holdco Gains 12.8% as Investors Tag Along with Otedola

First Holdco Plc gained about 12.8% in the Nigerian stock market as investors sentiment improved ahead of the fourth quarter of 2025 earnings release.

The non-operating company of First Bank has seen sustained re-rating after its chairman and other directors increased their stake in the final quarter of 2025.

The directors’ actions have attracted investors seeking to tag along with expectations that the recapitalised financial institution would increase efforts to boost earnings performance.

Trading actions have been reversed from the predominant volatility seen in 2025.

The market witnessed a raft of buying interest in First Holdco after its single largest shareholder, Femi Otedola, increased holdings in the Marina-headquartered financial institution.

The price movement has been consistent with intermittent profit takings, suggesting that some valued and perhaps influential shareholders are consolidating positions alongside Otedola as the billionaire steps up investing in banking.

According to data from the Nigerian Exchange, First Holdco closed at N52 per share on Friday amidst strong weekly trading volumes that ranged between 6.655 million and 230.36 million.

It was all week rally-based on price movement. First Holdco opened at N46.1, but market value was already up by 12.78% at the close of the trading session on Friday.

The price upswing increased the market value of the non-operating holding company of First Bank of Nigeria Limited’s 44.453 billion outstanding shares to N2.311 trillion.

At the current price, First Holdco Plc is trading at less than a 6% discount to its highest valuation attained in the last 52 weeks. Jaiz Bank: Repricing Momentum Signals Market Conviction