Access Holdings Plunged Below N640 Billion over Sell Pressure
Access Holdings PLC has lost additional value in the stock market as investors continue to dump the financial services group share.
According to data from the Nigerian Exchange, Access lost about 3% of its.market value as sell Pressure heated up.
The banking group ended the trading session at N18 per share; lost 55 kobo on each of its 35,545,225,622 shares outstanding in the market.
The trading direction brought down market value of the holdings company with unbeatable acquisition taste
The market valued Access Holdings PLC at N639.814 billion following a sustained price depreciation even when the equities market surged.
Access Holdings is yet to release second quarter earnings.The banking stock has been depreciating in value as market seeks additional information to boost its market s
The banking group is trading at steep discounts to 52 week high in the equities market . It peaked at #30.7 billion before it plunged at an all time.low of #14. 50 per share.
Analysts said the group has upside potential to boost return on investment. Access Holdings delayed earnings report continues to reduce investors return.
At the current level, Access trading closer to 52 week low in the market. #Access Holdings Plunged Below N640 Billion over Sell Pressure
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