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    Saturday, August 1

    First Holdco Loses 5.8% as Buying Sentiment Fades

    Olu AnisereBy Analysis No Comments1 Min Read
    First Holdco Loses 5.8% as Buying Sentiment Fades
    First Holdco

    First Holdco Loses 5.8% as Buying Sentiment Fades

    Elephant-branded financial services company, First Holdco Plc., retreated after fast and furious price appreciation that lifted its market value above N2 trillion mark on the Nigerian Exchange.

    The significant rerating of First Holdco came after its chairman, Femi Otedola, increased shareholdings in the group in December, 2025.

    Trading data from the Nigerian bourse showed that First Holdco’s share price printed at N49 on Friday as investors traded more than 2.4 million units at a total value of N118.292 million.  First Holdco fell successively from its week high of N52 on downbeat investor sentiment.

    The stock closed the trading session last week at 5% discount to its highest valuation on the Nigerian Exchange in 52 weeks.  The elephant-branded financial services company’s share dipped due to the activities of sell-side actors taking profit ahead of the fourth quarter. 

    First Holdco opened year 2026 at N47.90 per share.   Seplat Gains 15% after M&P Sells Interest to Heirs Energies

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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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