Yesterday’s trading session ended on a positive note as Access Holdings Plc share price appreciated by 3.02% to close at N10.25 per share and market capitalization reached N364.34billion.
This is coming after the company delisted from the Nigeria Stock Exchange to allow for the completion of the scheme of arrangement, after which the shares were relisted yesterday, Monday, 28 March 2022 as Access Holdings Plc.
This growth in the share price recorded by the holdings company can be attributed to the investors’ positive sentiment towards the new structure of the company, hence, triggering the buy interests, pushing the company’s value up by 302 basis points.
Thus, resulting in a gain of N10.66 billion in the market capitalization at the close of trading activities on Monday.
The shares of the quoted company increased from N9.95 per share at the start of the trading to close at N190.25 per share, N0.05 lower than the highest price traded at the close of the market (10.30), representing an increase of 3.02%, that is, N0.30 in monetary terms.
Stock Performance Summary
During the trading hours, 15,457,710 ordinary shares of Access Holdings Plc worth N156.40 million exchanged hands in 272 deals.
The company shares gained over 10% year-to-date, from N9.30 at the start of the year to currently trade at N10.25. Though, the company’s shares are trading about 3.30% lower than its 52-week high at N10.60. However, the share investors who bought the shares at the 52-week low trading price of N7.05 per share have gained about 45.39% of their investment.
Investors rally over the shares of Access Holdings Plc positively influenced the company’s market capitalization from N353.67 billion to N364.34 billion at the end of yesterday’s trading session.
Overall, the NGX All-Share Index and market capitalization however depreciated by 0.15% from the previous trading session to close at 46,893.86 index points and N25.27 trillion respectively.
