Access Holdings Gains Small Weight Amidst Delay Q2 Earnings
Access Holdings Plc share price increased to N19.25 in the equities market as investors took positions ahead of the group earnings release. In August, the financial services group told the Nigerian Exchange about potential late filing of its half year audited earnings performance results amidst a capital raise.
Driver by volatility, the group is trading at a more than 37% discount to its best price over the last 12 months on the Nigerian equities market. The market is currently waiting to receive audited half year earnings release of the financial services warehouse to probably help in its share price repricing.
In the recent past, Access Plc has been relatively trading on the cold side, with more investors exiting their positions compared to those making fresh entries. Details of transactions tracked on Nigerian Exchange revealed that Access Holdings Plc share price picked up from N18.80 to close at N19.25 on Friday
At the close of trading session last week, investors placed N684.245 billion on Access Holdings Plc’s more than 35.545 billion shares outstanding on the Nigerian Exchange platform.
Its market valuation has been relatively underperforming its peers in the banking sector following the exit of its erstwhile group managing director and chief executive officer, Herbert Wigwe. #Access Holdings Gains Small Weight Amidst Delay Q2 Earnings UN Announces $6m to Support Flood Victims in Borno
