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Home Markets Fixed Income Securities

Stocks Round Up (30/6/14): These 3 Oil and Gas Stocks Topped The Gainers List

Nairametrics by Nairametrics
June 30, 2014
in Securities, Stock Market
Stocks Round Up (30/6/14): These 3 Oil and Gas Stocks Topped The Gainers List
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Oando topped the gainers chart today adding 7% to its valuation. This was a reversal from the back to back losses it posted last week Transcorp also joined the chart with a 6.5% gain. The rise in Oando and Transcorp in my opinion is due to bargain hunting as investors seek to push the price higher hoping to sell when they reach their strike price.  Mobil and Total make up the top 5 gainers and trio of Oil and Gas Stocks on the Gainers list. Japaul and Caverton joined remained in familiar territory as they both lost 9% and 5% respectively. The NIgerian All Share Index gained 0.7%

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Tags: caverton groupOando PlcOil & GasOIl and Gas Newsoil priceTranscorp plc
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