Rights Issue: Access Bank Shares Plummets

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Access Bank shares continued it’s drop by midday trading today as it continues to fall under sell pressure. Investors do not seem swayed by its recent impressive 9 months result and are possibly worried by the imminent dilution that may occur due to the rights issue.

Access Bank is a buy for me and I scooped some shares last week and will continue to scoop as the price becomes more appealing.