The value of FirstHoldCo Plc, the parent company of FirstBank, went down a bit in the stock market because some investors sold off their shares before the company releases its third-quarter (Q3) financial results.
So far in 2025, the company’s stock had gained about 10.3%, but this growth slowed down when its share price fell by 5 kobo (₦0.05) to ₦30.95 per share. This means that if you invested ₦100,000 at the beginning of the year, your profit would have reduced slightly because of this recent dip.
On that trading day, about 4.5 million shares worth ₦138 million were sold, showing that some investors were cautious and wanted to cash out early.
Another reason investors are not too excited is that FirstHoldCo didn’t pay an interim dividend in the first half of the year — unlike its major competitors, such as Zenith or GTCO, which often reward shareholders more frequently.
Overall, even though the company remains large with a ₦1.3 trillion market value, its recent price movement shows investors are waiting to see how strong its next financial results will be before buying more shares.
