Two Days After: ACCESS Share Price Dips By -2.92% as SEPLAT Remains Flat

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Tuesday, December 08, 2020 / 6:05 PM / By Proshare Research / Header Image Credit: Ecographics


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Following the ex parte motion on SEPLAT which granted Access Bank the permission to take over the head office of the oil and gas firm by its receiver manager, Messrs Kunle Ogunba & Co and subsequent article(s) issued by Proshare over the weekend, we began the tracking of investors sentiment on the two stocks following the legal action.

 

Related Link: SEPLAT and Its Access Bank Nemesis - Plugging the Governance Gap

 

A review of the share prices of both ACCESS and SEPLAT two days after the publication above revealed that ACCESS share price has dropped by -2.92% while SEPLAT share price remained flat.

 

Similar review of the share price of ACCESS in the last 7 days revealed that the stock has recorded -3.49% decline.

 

Chart: ACCESS 7 Days Share Price Movement and Volume Traded

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Source: NSE, Proshare Research

 

The volume traded in the shares of ACCESS has also dropped compared to the volume traded on the last trading day of the previous week.

 

Table: ACCESS 7 Days Share Price Movement and Volume Traded

Last 7 Days Trades

 

Date

Share price

Volume

% Chg

08-Dec-20

8.3

7,419,444

-2.35%

07-Dec-20

8.5

27,574,458

-0.58%

04-Dec-20

8.55

32,604,824

-0.58%

03-Dec-20

8.6

22,957,947

-1.15%

02-Dec-20

8.7

46,338,560

0.00%

01-Dec-20

8.7

43,368,357

1.16%

30-Nov-20

8.6

29,904,160

 


Source: NSE, Proshare Research

 

The share price of SEPLAT has remained flat at N402.30 all through the month of December 2020 while it has recorded +0.40% growth in the last seven (7) trading days


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Chart: SEPLAT 7 Days Share Price Movement and Volume Traded

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Source: NSE, Proshare Research

 

Table: SEPLAT 7 Days Share Price Movement and Volume Traded

Last 7 Days Trades

 

Date

Share price

Volume

% Chg

08-Dec-20

402.3

             257,068

0.00%

07-Dec-20

402.3

                  7,910

0.00%

04-Dec-20

402.3

               82,570

0.00%

03-Dec-20

402.3

                   1,637

0.00%

02-Dec-20

402.3

                   3,172

0.00%

01-Dec-20

402.3

         1,073,257

0.40%

30-Nov-20

400.7

             103,382

 

Source: NSE, Proshare Research

 

In terms of Market Capitalization, ACCESS investors have lost N8.89bn in Market CAP as SEPLAT Market CAP remained unchanged within the period under review.

 

Table: Market CAP Difference Two Days After

Ticker

08-Dec-20

04-Dec-20

Diff

% Chg

ACCESS

295,025,372,662.60

       303,911,679,068.10

-8,886,306,405.50

-2.92%

SEPLAT

236,731,246,890.30

236,731,246,890.30

0.00

0.00%

Source: NSE, Proshare Research

 

Related Links

  1. SEPLAT and Its Access Bank Nemesis - Plugging the Governance Gap
  2. SEPLAT Plc Refutes Being Party to Cardinal Drilling Services Loan with Access Bank


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Related News - Seplat Plc

1.       Visit Seplat Plc's IR Page in Proshare MARKETS

2.      View the  One Year Share Price Movement  

3.      SEPLAT Plc Refutes Being Party to Cardinal Drilling Services Loan with Access Bank

4.      Seplat appoints Mr. Emeka Onwuka as Chief Financial Officer and Executive Director with effect from August 1, 2020 - Seplat, July 10, 2020

5.      SEPLAT Declares N33.7bn Loss in Q3 2020 Results Proposes 0.05 Interim Dividend...

6.      SEPLAT Q1 2020 and Q2 2020 Results Review Weak Oil Prices Weigh on 2020E Outloo...

7.      SEPLAT Appoints Two Independent Non-Executive Directors to Its Board

8.      SEPLAT Announces the Retirement of Mr. Austin Avuru As CEO...

9.      SEPLAT Declares N37.8bn Loss in Q2 2020 Results SP N282.00k ...

10.   SEPLAT Appoints Mr. Emeka Onwuka As Chief Financial Officer and Executive Direct...


Proshare Nigeria Pvt. Ltd.


Related News - Access BankPlc

  1. Visit Access Bank Plc's IR Page in Proshare MARKETS
  2. View the  One Year Share Price Movement 
  3. Access Bank Partners Coronation Insurance for Bancassurance
  4. Access Bank Q3 2020 Results Review: Compelling Valuation at Current Levels
  5. ACCESS Declares N102bn PAT in Q3 2020 Unaudited Results,(SP:N8.70k)
  6. ACCESS Announces the Appointment of Mr. Seyi Kumapayi and Mrs Omosalewa Fajobi as Directors
  7. Banks in H1 2020: Deconstructing Banks' H1 2020 Individual Performances - Access Bank
  8. ACCESS Notifies of Board Meeting Date and Commencement of Closed Period
  9. Fitch Affirms Access Bank at 'B'; off RWN; Outlook Negative
  10. ACCESS Obtains CBN's Approval to Restructure as a Holding Company

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