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Home Markets Fixed Income Securities

Stocks Round Up (30/7/2014): Oando Tops Gainers Chart With a 10% Pop

Nairametrics by Nairametrics
July 30, 2014
in Securities, Stock Market
Stocks Round Up (30/7/2014): Oando Tops Gainers Chart With a 10% Pop
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Oando Plc topped the gainers chart today gaining 9.7% to close at N27.94. The share price opened at N26.7 before climbing to N28 its highest for the day. The current share price represents Oando’s highest in two weeks. The increase was due to news that it has concluded the COP acquisition.

Honeywell Flour which released its full year results last week lost 5% to close at N4.04. Honeywell opened higher at N4.25 before rising to N4.39 during the days trading. It was unable to keep up with the trend and eventually lost ground closing lower than its previous closing price.

The All Share Index rose 0.2% at the end of the day driven largely by the likes of Dangote Cement, Nestle, Nigerian Breweries, and Wapco which all saw modest gains.

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