Why Oando!!!

-






The last three days of trading in 2018 had shown the remarkable interest by investors in low priced stocks, with the All Share Index (ASI) way below the returns of some of the early Birds of 2018.

Worthy of note is Oando Plc still under technical suspension  but had traded 44,454,743 units of shares  in the last three days but price remained frozen.

What could have informed the renew interest in Oando?After so much apathy towards the company's stock in the last few months of 2017 since the allegations rocking the company.

We keep our fingers crossed and await the pronouncements from them.

However, the Market had shown overall the signs of a good year.

Call your Broker, so that you would not be calculating how much you would have made if you had invested in the Market.


Welcome to 2018!!!

Comments

Post a Comment

Popular posts from this blog

Nigerian Stock Exchange This Week

-
Image
The Market returned to its five days trading after the sallah break of last week. It wasn't a great week for the Market even as it climax the end of trading for the month of August.  The Market opened on a negative notes on Monday, however, made a bold return on Tuesday but to frizzle out for the rest of the week with a three days consecutive losses.  The All Share index lost in what seems to be the bear dominated week. The index was down  1.63% to close the week at 34,848.45. This brought the year to date return of the ASI to (8.88%) on the negative side of the number line. The bull had a larger share of the Market though, with a breadth of 3 in favour of the Bulls. However this is little to little to reflect on the overall Market as highly capitalized stocks shed weight.  EQUITY A total turnover of 1.533 billion shares worth N23.026 billion in 17,009 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 968.947 million shares
Read more