Oando Slides, Energy Stock Trades at Significant Discount
Dual listed energy company, Oando Plc saw a decrease in its market value on Monday with investors expressing pessimism towards the energy stock, which is currently trading at a considerable markdown compared to its highest value in the last 52 weeks.
The stock continues to face challenges amid market uncertainties. Analysts think the selloffs will persist unless Oando regains market trust and stabilise its stock performance.
According to data obtained from the Nigerian Exchange, its share price declined to N48 as 3.197 million units valued at N159.224 million were traded on Monday. Oando Plc has seen persistent price decline in 2025 after strong performance outing the energy company delivered last year.
Investors have been selling down their interest on the back of negative sentiment on the company despite significant capacity expansions, and healthy earnings potential. Oando Plc share price traded at approximately 51.22% discount to its highest market valuation in 52 weeks, its trading details revealed.
The Nigerian Exchange valued Oando Plc.’s 12.431 billion shares outstanding at N596.707 billion on Monday. In August, Oando announced the successful completion of Tranche One of its Share Distribution Programme to eligible shareholders.
At the annual meeting, its shareholders approved a settlement through the surrender of shares to the Company, with subsequent pro-rata distribution of some or all of these shares to existing shareholders. The Board of Directors in January 2025, approved the Phase 1 distribution of 1,283,712,601 shares in two tranches.
It said tranche one distribution, comprising 679,364,206 shares to eligible shareholders on the Company’s Register of Members as of February 14, 2025, has now been fully concluded by issuing one fully paid share for every twelve existing shares, following receipt of regulatory clearance in July 2025. #Oando Slides, Energy Stock Trades at Significant Discount Nigerian Exchange Stages Compelling Performance, Rides on Historic Highs
