Investors Price Oando’s 12.431bn Shares for N634bn
As weak sentiment clouds its strong fundamentals and growing earnings capabilities, investors lower market value of Oando Plc.’s 12.431 billion shares outstanding in the stock market to N634 billion, according to trading details obtained from the Nigerian Exchange.
The company has continued to be pulling back from the peak of its rally that bolstered shareholders wealth by 508% capital appreciation in 2024. The energy company’s fundamentals have improved but investors’ perceptions appeared to have dropped significantly, especially in the first half of 2025.
The indigenous energy company share price went down slightly week on week after last minutes rally in the equities segment of the Nigerian Exchange on Friday. According to data from the local exchange, investors made fresh entry into Oando Plc on Friday, resulting in about 5.6% price appreciation as 1.557 million shares valued at about N80 million exchanged hands.
Trading data over the last 52-week revealed that Oando Plc has become cheaper after its rapid selloffs ahead of its first quarter of 2025 earnings release. Despite having many wins on record, investors’ weak appetite has cost the company half of its market value in 52-week.
The market awaits fresh catalysts to drive company’s share price higher, and stockbrokers said first quarter earnings release will do the magic. Oando Plc has become a casualty of downbeat investors sentiment on Nigerian Exchange which has continued to spiral downward week on week. #Investors Price Oando’s 12.431bn Shares for N634bn#
Transcorp Hotels Hits Record High Ahead of Dividend Payment
