Access Holdings Plc's share price rose 3.02 percent
causing the price to go from 9.95 per share to N10.25 per share at the end of
yesterday's trading session, bringing the company's market capitalization to
This follows the delisting of Access Bank Plc to
enable the conclusion of the scheme of the arrangement, after which the shares
were relisted as Access Holdings Plc on Monday, March 28, 2022.
The group's increase in share prices can be linked to
investors' positive feelings toward the company's new structure, which prompted
buy-interests, pushing the company's worth up by 302 basis points.
As a result of the rally in the company's shares, the
company's market capitalization increased by N10.66 billion at the closing of
trading on Nigeria's stock exchange.
The quoted company's shares climbed by 3.02 percent,
or N0.30, from N9.95 per share at the start of the trading day to N10.25 per
share at the end of the market, which is N0.05 lower than the highest price traded
at the close of the market (N10.30).
The NGX All-Share Index and market capitalization both
fell 0.15 percent from the previous trading day to settle at 46,893.86 index
points and N25.27 trillion, respectively, at the end of the day's trading
Performance so far
The buy interest seen in Access Holdings Plc's shares
boosted the company's market capitalization from N353.67 billion to N364.34
billion at the close of the day's trading, bringing the gain to N10.66 billion.
The company's stock has risen 10.22% year so far,
starting the year at N9.30 and currently trading at N10.25. The company's stock
is currently trading at N10.60, down 3.30 percent from its 52-week high.
However, investors who purchased the company's shares at their 52-week low
trading price of N7.05 a share have seen a 45.39 percent gain.
During the day's trading hours, a total of 15,457,710
ordinary shares of Access Holdings Plc valued at about N156.40 million were traded
in 272 transactions.