NGX: Access Holdings’ Shares Gains 1.29% After Monday’s 6.2% Depreciation Amidst CEO’s Death

Access Holdings’ shares have bounced back, reclaiming positive territory after a temporary dip of 6.26% on Monday due to the sad passing of Herbert Wigwe, the former Group CEO of Access Holdings.

“Despite this loss, we see the company’s resilience,” says investor John Doe. “The appointment of Ms. Bolaji Agbede as Acting Group CEO shows strong leadership.”

In response to the unexpected event, Ms. Agbede, a senior founding Executive Director, has been appointed to steer the company through this transition.

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“This transition marks a turning point for the company,” says financial analyst Sarah Smith. “It’s adapting to sudden changes at the top.”

The domestic stock market saw gains, with the benchmark index rising by 1.76% to close at 103,498.28 points. Gains in AIRTELAFRI, GEREGU, and ZENITHBANK outweighed losses in BUACEMENT, GTCO, and TRANSCORP.

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Year-to-date return rose to 38.42%, with market capitalization gaining ₦979.78 billion to close at ₦56.63 trillion.

“Today’s market activity signals positive momentum,” says market expert James Johnson. “Trade turnover increased significantly compared to the previous session.”

Shareholders express profound sadness over Mr. Wigwe’s passing.

“The loss of Mr. Wigwe is deeply felt,” says Patrick Ajudua, President of the New Dimension Shareholders Association. “He was a visionary leader who made remarkable contributions.”

Reflecting on Mr. Wigwe’s legacy, Ajudua highlights his achievements in the banking sector and his transformative influence on Access Bank.

“As we bid farewell to Mr. Wigwe and others lost in this tragedy, our prayers are with their families,” Ajudua expresses. “May they find eternal rest, and may the Access Bank community find solace during this difficult time.”

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