ACCESSCORP - Access Holdings Plc

Mar 24, 2023 at 14:34 Twitter · Facebook

ACCESSCORP share price on Nigerian Stock Exchange

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 15th most valuable stock on the NGX with a market capitalization of NGN 307 billion, which makes about 1.03% of the Nigerian Stock Exchange equity market.

ACCESSCORP Stock Market Performance

The current share price of Access Holdings Plc (ACCESSCORP) is NGN 8.65. ACCESSCORP closed its last trading day (Friday, March 24, 2023) at 8.65 NGN per share on the Nigerian Stock Exchange (NGX), recording a 0.6% drop from its previous closing price of 8.70 NGN. Access began the year with a share price of 8.50 NGN and has since gained 1.76% on that price valuation, ranking it 68th on the NGX in terms of year-to-date performance. Investors should, however, take caution of ACCESSCORP’s recent bad performance, having lost 6% of its value in the past four weeks.

Access Holdings is the eighth most traded stock on the Nigerian Stock Exchange over the past three months (Dec 23, 2022 - Mar 24, 2023). ACCESSCORP has traded a total volume of 716 million shares—in 8,910 deals—valued at NGN 6.39 billion over the period, with an average of 11.4 million traded shares per session. A volume high of 177 million was achieved on December 30th, and a low of 1.01 million on February 23rd, for the same period. The table below details the last 10 trading days of activity of Access on the Nigerian Stock Exchange.

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 (56) as its Group Managing Director/Chief Executive Officer, since 2014. The company's board of directors, chaired by Dr. Mrs. Ajoritsedere Awosika (70), is composed of 17 members whose names are listed below.

1. Awosika, Ajoritsedere (Dr. Mrs.)
   Non-Executive Chairman
2. Wigwe, Herbert
   Group Managing Director/Chief Executive Officer
3. Ogbonna, Roosevelt
   Group Deputy Managing Director
4. Etuokwu, Victor
   Executive Director, Personal Banking
5. Okoli, Chizoma (Mrs.)
   Executive Director, Business Banking
6. Jobome, Gregory (Dr.)
   Executive Director, Chief Risk Officer
7. Ambursa, Hadiza (Ms.)
   Executive Director, Commercial Banking (North)
8. Bajomo, Adeolu
   Executive Director, Information Technology & Operations
9. Kumapayi, Seyi
   Executive Director, African Subsidiaries
10. Usoro, Paul
    Non-Executive Director
11. Nwuke, Okey (Dr.)
    Non-Executive Director
12. Ogunmefun, Anthonia (Mrs.)
    Non-Executive Director
13. Fajobi, Omosalewa (Mrs.)
    Non-Executive Director
14. Adekoya, Adeniyi
    Independent Non-Executive Director
15. Akpana, Iboroma
    Independent Non-Executive Director
16. Osime, Ifeyinwa (Mrs.)
    Independent Non-Executive Director
17. Usman, Hassan M. T.
    Independent Non-Executive Director

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.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange