Business
UPDC REIT Plunges 17% on NGX Despite Strong First-Half Earnings
UPDC Real Estate Investment Trust emerged as the Nigerian Exchange's worst-performing stock, tumbling over 17% in a single week amid renewed selloffs. The sharp reversal erased recent momentum, creating a stark disconnect between market valuation and the vehicle's 56.5% half-year earnings growth.
Tribune Online·October 26, 2026AI-curated
UPDC Real Estate Investment Trust (UPDC REIT) lost 17.26 per cent of its market value in the week ended October 23, 2026, emerging as the worst-performing stock on the Nigerian Exchange (NGX), as renewed selling pressure reversed part of the sharp rally that had lifted the real e
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This story was sourced from Tribune Online and rewritten in SEVA editorial voice. Read the full original at the source.