Access Plc Lost 14% in Thriving Market Amid Late Earnings Release
Access Holdings Plc lost about 14% of its market capitalisation over the last four trading sessions on the Nigerian Exchange (NGX) due to deteriorated investor sentiment.
The financial services company traded against the trend in the local bourse in the absence of its 2025 financial scorecards.
The Nigerian Exchange gained about N11 trillion over the shortened trading session as investors continue to use top-performing stocks across sectoral indices to hedge against inflation.
Trading data from the local bourse showed that Access Holdings’ share price actually increased to N27 at the close of the trading session on April 30, as 934.964 million units valued at N24.310 billion were traded between incoming shareholders and those exiting positions.
The financial stock opened the week at N31.30, tanked to an intra-week low of N25.95, and saw significant trading volume on the local bourse across the shortened trading sessions.
Access Holdings has been relatively volatile, with its valuation tracking below those of its immediate rivals in the banking sector.
Based on its trading details, Access Holdings is trading 25% below its 52-week high, confirming the company’s negative share price volatility.
The group’s 54.375 billion outstanding shares were valued at N1.468 trillion as the market went to bed ahead of Workers’ Day.
Amidst missed regulatory filings, Access Holdings released its audited financial statement on May 2. There has been no earnings reaction as the earnings announcement was released when the market was closed.
In 2025, Access Plc delivered a 15.7% year-on-year increase in profit after tax, which settled at N743.045 billion, according to details from the audited report released on Saturday.
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