ACCESSCORP - Access Holdings Plc
Access Bank Plc is a diversified financial institution operating via a network of more than 600 branches and service outlets across 12 countries, with over 30 million customers. Listed on the Nigerian Stock Exchange since 1998, the Bank has over 900,000 shareholders and has recorded a phenomenal banking growth trajectory in the past decade. Following its merger with Diamond Bank in March 2019, Access Bank became one of Africa’s largest retail banks by retail customer base. The Bank has subsidiaries in Sub-Saharan Africa and the United Kingdom (with a branch in Dubai, UAE) and representative offices in China, Lebanon, and India.
Access Bank serves its various markets through four business segments: (1) The Corporate and Investment Banking segment offers banking products and services to institutional clients such as multinationals and large domestic corporates. (2) The Commercial Banking segment includes banking products and services for non-institutional clients, as well as financial services to public sector, commercial institutions, and oriental corporates. (3) The Retail Banking segment provides financial products and services to individuals including private banking. (4) The Business Banking segment offers solutions to the business needs of small and medium enterprises.
Access Holdings Plc is listed on the Nigerian Stock Exchange (NGX). Access is traded on the NGX under the ticker symbol “ACCESSCORP”. The International Securities Identification Number (ISIN) of NGX:ACCESSCORP is NGACCESS0005. Access Holdings Plc is currently the 16th most valuable stock on the NGX with a market capitalization of NGN 604 billion, which makes about 1.07% of the Nigerian Stock Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 16.80 |
| Day’s High Price | 17.20 |
| Traded Volume | 34.3M |
| Number of Deals | 660 |
| Gross Turnover | 585M |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | |
| Price/Earning Ratio | |
| Dividend Per Share | |
| Dividend Yield | |
| Shares Outstanding | 35.5B |
| Market Capitalization | 604B |
ACCESSCORP Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| -11.9% | -26.1% | -42.6% |
| 6MO | 1YR | YTD |
|---|---|---|
| +0.29% | +94.3% | -26.6% |
The current share price of Access Holdings Plc (ACCESSCORP) is NGN 17.00. ACCESSCORP closed its last trading day (Friday, April 19, 2024) at 17.00 NGN per share on the Nigerian Stock Exchange (NGX), recording a 1.4% drop from its previous closing price of 17.25 NGN. Access began the year with a share price of 23.15 NGN but has since lost 26.6% off that price valuation, ranking it 150th on the NGX in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that ACCESSCORP has lost 26% of the stock’s value from March 15th to date.
Access Holdings is the third most traded stock on the Nigerian Stock Exchange over the past three months (Jan 17 - Apr 19, 2024). ACCESSCORP has traded a total volume of 1.92 billion shares—in 39,328 deals—valued at NGN 44.6 billion over the period, with an average of 30.5 million traded shares per session. A volume high of 83.6 million was achieved on March 27th, and a low of 6.07 million on February 13th, for the same period. The table below details the last 10 trading days of activity of Access on the Nigerian Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2024-04-19 | 34,338,666 | 17.00 | -0.25 | -1.45% |
| 2024-04-18 | 43,979,594 | 17.25 | -0.15 | -0.86% |
| 2024-04-17 | 44,986,248 | 17.40 | +0.45 | +2.65% |
| 2024-04-16 | 62,927,904 | 16.95 | -1.60 | -8.63% |
| 2024-04-15 | 24,619,733 | 18.55 | -0.75 | -3.89% |
| 2024-04-12 | 44,310,096 | 19.30 | -3.20 | -14.22% |
| 2024-04-08 | 32,261,314 | 22.50 | -0.10 | -0.44% |
| 2024-04-05 | 46,821,181 | 22.60 | -0.40 | -1.74% |
| 2024-04-04 | 40,881,006 | 23.00 | -0.95 | -3.97% |
| 2024-04-03 | 50,000,379 | 23.95 |
Profile of Access Holdings Plc
Access Holdings Plc was founded on December 8, 1989 and operates in the Financials sector, specifically, the Banking industry. Access Holdings contracts an estimated total number of 6,781 employees. The company is led by Herbert Wigwe (57) as its Group Managing Director/Chief Executive Officer, since 2014. The company's board of directors, chaired by Dr. Mrs. Ajoritsedere Awosika (71), is composed of 17 members whose names are listed below.
- Awosika, Ajoritsedere (Dr. Mrs.)
Non-Executive Chairman - Wigwe, Herbert
Group Managing Director/Chief Executive Officer - Ogbonna, Roosevelt
Group Deputy Managing Director - Etuokwu, Victor
Executive Director, Personal Banking - Okoli, Chizoma (Mrs.)
Executive Director, Business Banking - Jobome, Gregory (Dr.)
Executive Director, Chief Risk Officer - Ambursa, Hadiza (Ms.)
Executive Director, Commercial Banking (North) - Bajomo, Adeolu
Executive Director, Information Technology & Operations - Kumapayi, Seyi
Executive Director, African Subsidiaries - Usoro, Paul
Non-Executive Director - Nwuke, Okey (Dr.)
Non-Executive Director - Ogunmefun, Anthonia (Mrs.)
Non-Executive Director - Fajobi, Omosalewa (Mrs.)
Non-Executive Director - Adekoya, Adeniyi
Independent Non-Executive Director - Akpana, Iboroma
Independent Non-Executive Director - Osime, Ifeyinwa (Mrs.)
Independent Non-Executive Director - Usman, Hassan M. T.
Independent Non-Executive Director
Factsheet of Access Holdings Plc
- Sector
- Financials
- Industry
- Banking
- Address
- Plot 1665, Oyinjolayemi Street, Victoria Island, Lagos, Nigeria
- Telephone
- +234-1-461-9264, +234-1-280-5628
- Website
- www.accessbankplc.com
ACCESSCORP Industrial Market Competitors
Access Holdings Plc, issuers of the ACCESSCORP stock on the Nigerian Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Banking industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.
| Code | Name | M. Cap. | Close | YTD |
|---|---|---|---|---|
| ETI | Ecobank Transnational Inc | 477B | 26.00 | +24.4% |
| FBNH | FBN Holdings Plc | 872B | 24.30 | +3.18% |
| ZENITHBANK | Zenith Bank Plc | 1.11T | 35.50 | -8.15% |
| UBA | United Bank for Africa | 776B | 22.70 | -11.5% |
| GTCO | Guaranty Trust Holding | 986B | 33.50 | -17.3% |
| FIDELITYBK | Fidelity Bank Plc | 285B | 8.90 | -18% |
| NEM | N.E.M. Insurance Company | 51.9B | 10.35 | +64.3% |
| VERITASKAP | Veritas Kapital Assurance Plc | 8.18B | 0.59 | +59.5% |
| CORNERST | Cornerstone Insurance Company | 35.1B | 1.93 | +37.9% |
| UNIVINSURE | Universal Insurance Company | 5.6B | 0.35 | +34.6% |
