Oando Shares Grew by 10% to Close at N6.60k as NSE Lifts Technical Suspension Six Months After

Proshare

Thursday, April 12, 2018 /05:52 PM/ Proshare Research 

Today, trading resumes in the shares of
Oando Plc on the floor of the Nigerian Stock Exchange following the lifting of the technical suspension placed on the stock since October 2017. 

The share of
Oando Plc recorded 10% gain immediately as the market opens for trading and maintained status quo till the close of trading with 6,474,591 volumes of shares traded. 

The 6.47m units of
OANDO shares traded today represents 3.15% of the total market volume traded and 0.05% of OANDO’s Outstanding shares. 

Table 1: OANDO Traded Volume as a Percentage of Market Volume and NOSO
 

OANDO - Traded Volume Analysis

Market Volume

         205,297,860.00

 

Traded Volume - OANDO

               6,474,591.00

3.15%

NOSO - OANDO

   12,034,618,894.00

0.05%

Source: TheAnalyst, NSE

Graph 1: Trading on OANDO as at 10:35am (April 12, 2018)
Proshare Nigeria Pvt. Ltd.
Source: Bloomberg

Graph 2: Trading on OANDO at the Close of Trading (April 12, 2018)

Proshare Nigeria Pvt. Ltd.
Source: Bloomberg 


OANDO shares which was last traded at N5.99 before it was placed on suspension in October 2017 traded briefly yesterday after it was announced that the suspension will be lifted yesterday. The suspension lifted was eventually reversed and all transactions consummated were also reversed. 

Proshare Nigeria Pvt. Ltd.

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