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    MarketForces Africa » MarketForces News » United Capital Falls by 10% as investors Sentiments Weaken

    United Capital Falls by 10% as investors Sentiments Weaken

    Marketforces AfricaBy Marketforces AfricaMarch 9, 2025 News No Comments1 Min Read
    United Capital Falls by 10% as investors Sentiments Weaken
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    United Capital Falls by 10% as investors Sentiments Weaken

    Investment banking firm, United Capital Plc, shed 10% of its market value as investors deteriorated sentiment triggered sell pressures in the equities market.

    Ticker: UCAP fell to N19.95 per share in the equities market as investors took profit amidst 2024 earnings following an impressive earnings performance in 2024.

    Last week, investors price down the investment banking firm downward by 10.1% week on week to N359.1 billion in the equities market.

    The financial stock has not had significant price volatility in the past 3 months compared to the Nigerian market, according to analysts.

    For financial year 2024, the investment firm reported a 111 percent rise in profit after tax, reaching N24.10 billion.  The group’s dividend payout also increased by 33 per cent, rising to N14.4 billion in 2024.

    Its price fluctuated negative amidst series of notices showed dealing on the group stock by its directors. UCAP has record of persistent directors dealing on the stock in the local bourse. # United Capital Falls by 10% as investors Sentiments Weaken#

    FCMB Drops by 14% Amidst Earnings Forecast, Dividend Notice

    United Capital
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    Keep Reading

    DMO Cuts Nigerian Government Bond Rates as Real Return Widens

    Nestoil Debt Recovery: $60m Lifeline for Nigeria’s Banks – Test of Oil Sector Credit Risk

    Profit-Taking Reduces NGX Market Capitalisation by N106bn

    Naira Rises to N1,349/$ as Interbank FX Turnover Spikes 266%

    XRP Price Risks Free-Falling as Short Position Builds on Binance

    Geregu Power Names Jaoji Acting Chief Executive Officer

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    DMO Cuts Nigerian Government Bond Rates as Real Return Widens

    August 17, 2026

    Nestoil Debt Recovery: $60m Lifeline for Nigeria’s Banks – Test of Oil Sector Credit Risk

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    DMO Cuts Nigerian Government Bond Rates as Real Return Widens

    August 17, 2026

    Nestoil Debt Recovery: $60m Lifeline for Nigeria’s Banks – Test of Oil Sector Credit Risk

    August 17, 2026

    Profit-Taking Reduces NGX Market Capitalisation by N106bn

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