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    Analysis

    First Holdco Records Significant Block Trade, MV Slides

    Olu AnisereBy No Comments1 Min Read
    First Holdco Records Significant Block Trade, MV Slides
    First Holdco

    First Holdco Records Significant Block Trade, MV Slides

    First Holdco Plc market value (MV) declined to N1.285 trillion following significant block trade outside the Nigerian Exchange trading platform on Tuesday.

    Its share price fell to N30.7 as 100.993 million units of First Holdco shares outstanding on the Nigerian Exchange valued at N3.151 billion were traded.

    A transactions totalling 63 million shares were executed at the same market price of ₦31.20 resulting in a trade value of ₦2.7 billion, Anchoria Securities Limited told investors in a note.

    The group market value reduced by more than N25 billion following Tuesday trading activities which saw private sale of large shares of First Holdco.

    The block transactions, according to stockbrokers, are often executed by institutional investors to avoid market disruption. First Holdco swings would have been sharp if such huge position exit were taken through the open market.   Wema Bank Slumps on Huge Trade Volume, Investors Exit Positions

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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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