Will United Bank for Africa (UBA) close at or above the ₦60.00 mark on the Nigerian Exchange (NGX) by Friday, May 1, 2026?

Outcome: NO

How this forecast is settled

Banking stocks on the NGX have recently shown strong bullish momentum, driven by earnings expectations, dividend positioning, and institutional demand. However, psychological price levels like ₦60 often act as resistance zones, where profit-taking and sell pressure can emerge even during uptrends.

Resolution

NO, United Bank for Africa (UBA) did not close at or above ₦60.00.The stock closed its last trading session (Thursday, April 30) at ₦42.75, falling significantly short of the ₦60.00 target. Furthermore, there was no trading activity on Friday, May 1, 2026, as the Nigerian Exchange (NGX) was closed in observance of the Workers' Day public holiday.

Make your forecast on GetUrgent2K Daily. Free to play; earn airtime for taking part and for getting it right.