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
