Access Bank seeks NSE approval to extend submission of Half Year results

Access Bank Plc has sought the permission of the Nigerian Stock Exchange (NSE) to submit its half year audited financial statements not later than August 31, 2016.

The Bank noted in a regulatory filing with the NSE that its Board of Directors will be meeting on July 28, 2016 to approve the Bank’s Half Year Audited financial Statements after which it will be submitted to the Central Bank of Nigeria (CBN) for approval.

Meanwhile,‎ the NSE All-Share Index and Market Capitalization depreciated by 0.17 percent to close last week at 28,805.45 and N9.893 trillion respectively.

Similarly, all other Indices finished lower during the week, with the exception of the NSE Premium Index, NSE 30 Index, NSE Consumer Goods Index and the NSE Industrial Goods Index that gained 0.11 percent, 0.17 percent, 0.95 percent and 1.46 percent respectively, while the NSE ASeM Index closed flat.

Trading in the Top Three Equities were FBN Holdings Plc, Guaranty Trust Bank Plc and Access Bank Plc (measured by volume) which accounted for 353.999 million shares worth N3.867 billion in 4,188 deals, contributing 30.80 percent and 28.40 percent to the total equity turnover volume and value respectively.

Twenty-two (22) equities appreciated in price during the week, higher than nine (9) equities of the previous week. Thirty-eight (38) equities depreciated in price, lower than forty-eight (48) equities of the previous week, while one hundred and twenty (120) equities remained unchanged lower than one hundred and twenty-three (123) equities recorded in the preceding week.

A turnover of 1.149 billion shares worth N13.616 billion in 21,868 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 377.798 million shares valued at N3.641 billion that exchanged hands last week in 7,466 deals.

The Financial Services Industry (measured by volume) led the activity chart with 868.827 million shares valued at N6.110 billion traded in 13,046 deals; thus contributing 75.59 percent and 44.87 percent to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 103.304 million shares worth N272.848 million in 1,111 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 66.743 million shares worth N3.501 billion in 3,368 deals.

Also traded during the week were a total of 941 units of Exchange Traded Products (ETPs) valued at N2.646 million executed in 22 deals, compared with a total of 35 units valued at N374.00 transacted last week in 7 deals.

A total of 44,381 units of Federal Government Bonds valued at N44.679 million were traded in 5 deals compared to a total of 13,767 units of Federal Government Bonds valued at N14.356 million transacted last week in 5 deals.