First Holdco Plc’s market value on the Nigerian Exchange (NGX) rose 10% this week. The stock closed at N60.5 per share. This growth pushed the company’s total market capitalization to N2.751 trillion.
Investors engaged in significant dip-buying ahead of the second-quarter earnings report. Market analysts attribute the surge to optimism regarding a recent capital raise initiative. Shareholders approved this capital increase on May 29, 2026, to boost paid-up capital.
Increased trading volumes indicate a positive outlook for the firm. The company expects to achieve Capital Adequacy Ratio (CAR) compliance by the third quarter of 2026.