Access Holdings Climbs to N1.48 Trillion in Fresh Rally
Access Holdings Plc.’s market value surged significantly in the equities market as investors began to make strategic entry ahead of earnings release. The market valued Access Holdings 53.317 billion shares outstanding at N1.482 trillion on Monday amidst an unusual volume of shares that exchange hands.
The Nigeria’s top lender share price surged to N27.80 on Monday, up by 9.88% from the opening price of N25.3 on the back of strong volume transactions. Ticker: ACCESSCORP led the volume charts with about 51.00 million units, or 9.84% of total volume traded in the stock market, stockbrokers told MarketForces Africa.
At the close of the trading session, the banking index climbed by 4.71% as tier-1 lender’s attracted investors attention ahead of earnings releases. After a successful capital raise, Access Bank, its banking arm, became the first to achieve the Central Bank of Nigeria’s N550 billion recapitalisation programme.
Strong and positive investors’ sentiment about the group performance outlook has been driving the financial services group market value uptrend ahead of earnings release next month. #Access Holdings Climbs to N1.48 Trillion in Fresh Rally Edun Highlights Nigeria’s Leadership in Africa’s Energy Transition
