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#
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