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Home Markets Equities Stock Market

N93 billion Wiped off Oando Market Value as Price Drops to Lowest in One Year

Nairametrics by Nairametrics
August 19, 2015
in Stock Market
N93 billion Wiped off Oando Market Value as Price Drops to Lowest in One Year
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RelatedPosts

Weekly Stock Update: Nigerian Exchange Group record gains, up 0.24% w-o-w

FUGAZ investors gain N25 billion combined during the week

  • Oando share price closed today to its lowest in one year
  • The company’s share price closed at N10.83 per share amidst further drop in price of crude and the company’s delay in releasing its 2014 FY results or indeed any result this year (2015).
  • The share price has lost 57.6% in the last one year and 32.7% this year alone.
  • Oando market value has now seen about N93 billion wiped off its market value since January 2015.
  • The share price lost 5% today
  • Nairametrics does not rate Oando a buy even at this price

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