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Access Holdings stocks recover after leadership transition

Access Holdings stocks recover after leadership transition

By Melvin Onwubuke

 

After a temporary loss of 6.26% on Monday, Access Holdings shares rebounds to positive territory. The temporary decline could be attributed to the demise of the former Group Managing Director, Herbert Wigwe.

According to nairametrics, inspite of this, Access Holdings share price has rebounded, recording a gain of 1.29% or 30k closing at #23.60 per share compared to previous #23.30.

Recall Ms Bolaji Agbede, following the demise of Herbert Wigwe, was appointed by the Access Bank Board as the acting Group Managing Director.

Ms Agbede, whom is the most senior founding executive director, responsible for business support within the organization has been given the mandate of leading the company, during this transition period.

Shareholders are yet to get over the tragic passing of Herbert Wigwe, yet find solace in the decisive decisions, taken so far by the company’s leadership.

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