Why Julius Berger, Oando Topped The Gainer Chart Today (23/6/2014)

Julius Berger

Julius Berger Plc topped the gainers chart today as the board resolution following its the conclusion of its AGM was concluded. Some of the highlights of the board resolution were as follows.

• They approved dividend of N2.7 per share
• They approved bonus issue of 1 for every 10 shares held
• They approved for the company to raise N7.5billion

Oando

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Oando gained another 10% today as investors continued to pour cash into the stock following the approval of the COP deal. It is as if everyone now believes the sky is the limit for the stock. The company now has a Price Earnings Ratio of 27x. Like I said the price will touch N40 before the end of the month.

Jos Breweries expectedly joined the losers chart dropping 5% on the day.