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    Wednesday, May 20
    Analysis

    Oando Slides as Negative Investors Sentiment Persists

    Olu AnisereBy Updated:No Comments1 Min Read
    Oando Slides as Negative Investors Sentiment Persists

    Oando Slides as Negative Investors Sentiment Persists

    The Indigenous energy company, Oando Plc, market value declined, albeit very softly, amidst declining demand for energy stock in the Nigerian stock market.

    The company, which ranked strongly among top performers in the Nigerian Exchange in 2024, has seen significant price depreciation driven by investors’ negative sentiment.

    The stock trading pattern reflects heightened volatility spurred by investors’ negative perceptions.Despite strong earnings fundamentals, rock-solid capital expenditure, and an encouraging expansion drive, the oil stock has been falling.

    The company share price declined to N47.75 on Friday close as the trading data showed that 1.080 million units of Oando Plc valued at N51.835 million were transacted in the local bourse.

    The negative price movement left the market value of the company’s 12.431 billion shares outstanding at N593.599 billion, trading at about a 47% discount to its highest value attained in 52 weeks.

    Oando opened at N48 per share and closed at N47.75 after it had reached N48.70 during the week. A slew of equity investors are not currently rating Oando due to sell pressures on the counter.

    OMO Bills Inflow Fuels Banking System Liquidity, Rates Steady

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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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