First HoldCo Surpasses N5 Trillion Market Cap on NGX
On July 22, 2026, First HoldCo Plc achieved a market capitalization exceeding N5 trillion during midday trading on the Nigerian Exchange (NGX), solidifying its status as Nigeria’s most valuable listed banking institution. The company's shares fluctuated between N112 and N113 during intraday trading, following a previous closing price of N105.
This surge in stock price is attributed to the positive investor response to First HoldCo's impressive half-year financial results. The financial performance for the first six months of 2026 showed gross earnings of N1.93 trillion, marking a significant increase compared to the same period in the previous year.
The sustained interest from investors indicates a growing confidence in the company's earnings outlook, operational efficiency, and long-term growth potential, further widening its lead over other banking rivals on the NGX.
Plus234Feed summary based on reporting from Blueprint. Read the original report below.
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