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
