Access Holdings Falls as Investors React to Update on Earnings

Access Holdings Falls as Investors React to Update on Earnings

Access Holdings Plc lost about 5% of its market value as investors reacted negatively to management’s request for an extension in the publication of the first-half earnings result.

Data from the Nigerian Exchange (NGX) revealed that the Ticker: ACCESSCORP N24.80 as 19.769 million units valued at N495.253 million on Tuesday, driven by sell side investors.

The sell pressure dragged market value of Access Holdings down by 4.98% to N1.322 trillion, 14.33% below its highest valuation in 52-week.

Reflecting its volatility, Access Holdings share price movement has been trading within the range of N24.5 and N27.1 as market anticipates earnings release.

Recent trend reported by major tier-1 banks with strong earnings track record suggest an unfolding earnings pressure from the largest bank in Nigeria.

In a regulatory filing, Access Holdings seeks further extension of the date for the publication of its Interim Audited Financial Statements for the Half Year ended June 30, 2025 from September 29, 2025 to October 22, 2025.

The group said the publication extension is to enable the company to obtain the Central Bank of Nigeria’s approval of the Results.

“In view of the foregoing, the NGX has approved a further extension of time for the Company to file the Results on or before October 22, 2025, subject to the Central Bank of Nigeria’s approval of the Results”, it added. NGX Index Declines by 0.40%, Investors Exit Positions