178 days Later, Oando shares bounces back, reaches NSE price ceiling on first day of trade
Since the removal of the technical ban last week, Oando’s share price has risen to N7.55 on 16 April, 2018 from N5.99 on Thursday 12 April, 2018.
Ms. Ayotola Jagun, Chief Compliance Office and Company Secretary, Oando PLC who spoke in an interview with CNBC says the company’s share price hit the NSE daily price ceiling of 10% by 10.45am. According to her, this is a further evidence that there is a lot of interest in Oando shares and that the general mood around the market and our shares is positive.
As the company overcomes the controversy surrounding the technical suspension, its OilServe/Oando Consortium has also won the contract to build the Lot 1 of the 40 inch x 614 km Ajaokuta – Kaduna – Kano gas pipeline and stations which stretches from Ajaokuta to Abuja Terminal Gas Station.