University Press Plc erased its entire gain from the previous week on Monday as investors took profit following the stock’s recent rally.
The company’s share price declined by 8.70% from N4.60 to N4.20 on November 9, 2026, making it the second-biggest decliner on the Nigerian Exchange for the session.
The decline returned University Press to exactly the N4.20 level from which it started the previous week’s rally.
University Press had gained 9.52% last week after rising from N4.20 to N4.60, placing it among the ten best-performing stocks on the Nigerian Exchange.
However, investors moved to lock in gains at the start of the new trading week, pushing the stock back to its pre-rally price.
The movement produced a complete round trip in the share price, from N4.20 to N4.60 and back to N4.20 within a short period.
The reversal highlights the rapid profit-taking currently occurring in some lower-priced stocks on the Nigerian Exchange, where sharp gains have increasingly been followed by equally strong declines as short-term investors rotate between opportunities.
A similar reversal was recorded in The Initiates Plc on Monday.
The Initiates had appreciated by 9.57% from N24.55 to N26.90 in the previous week but declined 6.88% to N25.05 on Monday, surrendering most of its earlier gain.
However, the broader equities market moved in the opposite direction as renewed buying in large-cap stocks pushed the NGX All-Share Index up 1.44% from 248,877.22 to 252,456.74.
Dangote Cement gained 9.61% to N1,469.90, while AXA Mansard Insurance and Sovereign Trust Insurance advanced 9.75% and 9.74%, respectively.
University Press’s return to N4.20 underscores the risk of chasing stocks after sharp short-term rallies, as recent trading patterns show that gains can disappear rapidly once investors begin taking profit.
