Access Holdings Dominates NGX Volume With 99.4 Million Shares Traded

Access Holdings Plc emerged as probably the most actively traded inventory on the Nigerian Exchange on Wednesday after traders exchanged 99.37 million shares price N2.75 billion.

The monetary providers group accounted for roughly 31.6 % of the whole 314.91 million shares traded throughout the equities market through the session.

The focus meant that just about one in each three shares exchanged on the NGX throughout Wednesday’s buying and selling was an Access Holdings share.

Access Holdings additionally recorded a pointy improve in exercise in contrast with the earlier session when 57.02 million shares price N1.61 billion modified fingers.

Wednesday’s quantity due to this fact elevated by about 74.3 %, whereas the worth of transactions within the inventory climbed roughly 70.9 %.

The surge got here regardless of a broader decline in market exercise.

Total fairness quantity dropped to 314.91 million shares from 394.20 million shares on Tuesday, whereas the variety of offers declined to 30,956 from 38,707.

However, total transaction worth elevated to N28.59 billion from N21.38 billion.

Zenith Bank ranked behind Access Holdings with 17.77 million shares price N2.27 billion, whereas Livestock Feeds recorded 13.38 million shares valued at N214.16 million.

GTCO adopted with 12.17 million shares price N1.56 billion, whereas UBA recorded 11.74 million shares valued at N504.70 million.

Together, Access Holdings, Zenith Bank, GTCO and UBA accounted for roughly 141.05 million shares, representing about 44.8 % of whole market quantity.

Access Holdings alone, nevertheless, traded extra shares than Zenith Bank, Livestock Feeds, GTCO and UBA mixed, underscoring the unusually heavy focus of Wednesday’s buying and selling exercise within the inventory.

The elevated exercise in Access Holdings got here because the broader market recovered marginally with the NGX All-Share Index gaining 0.06 % to 247,673.65 factors after two consecutive classes of decline.