Oando Plc rebounds with mind-blowing 97.6% ytd gain

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Fig 1: Oando Plc 6-month chart


Source: FT Markets Data

Oando Plc which was one of the laggards on the Nigerian Stock Exchange (NSE) last year has rebounded with a spectacular run that has seen it gain 97 percent this year alone.

The catalyst for the run is largely unclear, although Oando Plc…

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