Access Bank shares fall 8.2%
September 25
20:39
2014
Access Bank Shares fell 8.2 percent on Thursday after the bourse lifted a week old price freeze on the stocks, pending a proposed shareholder vote on its 68 billion naira rights issue on October 13.
The Nigerian Stock Exchange froze the bank’s shares last week after it said it planned to raise fresh capital of about N68bn in a rights issue, but Access applied to have the freeze lifted because the information on the issue was now widely available.
The bank shares fell to N8.8 naira on by noon on Thursday.
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