First HoldCo Selloff Deepens to 29% as 478 Million Shares Worth N44.94bn Change Hands

First HoldCo Plc prolonged its latest selloff on Thursday as its share worth fell to N110, deepening its decline to 29% from N155 on October 27, 2026.

The inventory declined by one other 2.4% from N112.70 recorded within the earlier buying and selling session, persevering with a sustained retreat that has wiped N45 per share from its worth in simply over every week.

First HoldCo traded at N155 on October 27 earlier than falling to N139.50 on October 28 and N125.55 on October 29. It declined additional to N119.15 on October 30 earlier than closing unchanged at N118.20 on each November 2 and November 3.

The selloff resumed on November 4 when the inventory dropped to N112.70 earlier than extending the decline to N110 on November 5.

Despite the continued strain on the share worth, buying and selling exercise round First HoldCo remained exceptionally excessive.

Data from the Nigerian Exchange confirmed that 478.42 million First HoldCo shares valued at N44.94 billion modified palms throughout Thursday’s buying and selling session.

The transaction accounted for about 55.9% of the 856.28 million shares traded throughout all the equities market and 60.7% of the N74.09 billion whole market turnover.

The scale of First HoldCo’s exercise was notably vital provided that the remaining market accounted for less than about N29.15 billion in traded worth.

Separate each day worth knowledge confirmed quantity of 10.52 million shares alongside the N110 closing worth, indicating a considerable distinction between common price-linked buying and selling knowledge and the broader First HoldCo turnover reported within the NGX market exercise figures.

The knowledge supplied doesn’t set up the character of the extra transactions, and Investors King due to this fact can not decide from the figures alone whether or not the distinction resulted from negotiated, cross or different transactions exterior common order-book exercise.

The newest exercise follows one other exceptionally giant turnover recorded on October 30, when 414.35 million First HoldCo shares modified palms.

Thursday’s 478.42 million shares have been about 15.5% larger than the October 30 quantity, displaying that unusually heavy exercise round First HoldCo has endured whilst its market worth continues to say no.

At N110, First HoldCo has now misplaced N45 or roughly 29% from the N155 recorded on October 27.

The sustained decline alongside exceptionally giant transactions will maintain consideration on First HoldCo as buyers assess whether or not the heavy turnover represents continued promoting strain, giant block transfers or altering positions amongst main holders.