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    Oando Slides by 6.12% on Fresh Selloff

    Julius AlagbeBy Updated:No Comments1 Min Read
    Oando Slides by 6.12% on Fresh Selloff

    Oando Slides by 6.12% on Fresh Selloff

    Oando Plc opened the week on a negative note with selloffs that plunged its share price to N46, down by 6.12% on the day from N49.

    The latest price is 48.69% below its highest value in 52 weeks. Oando Plc has reached N89.65 per share before the energy stock retreated due to investors that liquidated their positions.

    Oando share price fell to N46 as 5.504 million units valued at N248.472 million traded in the local bourse on Monday. The energy company still has strong fundamentals, but investors’ sentiment remains downbeat.

    The market now anticipates the release of third quarter of 2025 earnings as potential catalysts to drive fresh re-rating. The Nigeria Exchange valued Oando Plc’s 12.431 billion shares outstanding at N571.844 billion. GTCO Delivers 63% YTD Return Ahead of Dividend Payment

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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