Shares of FBN Holdings Plc (FirstHoldco) have surged by more than 20% in just two trading sessions, driven by heightened investor speculation following a massive off-market transaction involving over 10.4 billion shares.
The stock, which closed at N29.30 on Monday, July 14, jumped to N32.20 on Wednesday and extended its rally to N35.40 in early morning trading on Thursday, July 17.
This price movement reflects growing market interest in a significant change in the company’s ownership structure.
