Research analyst buys 17,000 United Capital shares
June 26, 2026 1:37 am
By Jide Ajia
A research analyst with United Capital Plc, Akinpelumi Marian, has acquired 17,000 ordinary shares of the company from the open market.
The investment house disclosed this insider trading development in a formal notification submitted to the Nigerian Exchange Limited on Tuesday.
According to the regulatory document signed by the Company Secretary, Leo Okafor, the cross-transaction was executed on Monday, 22 June 2026.
A breakdown of the open-market transaction showed that the shares were purchased in two separate tranches on the trading floor.
The first tranche comprised 9,705 units bought at N17.95 per share, while the second batch consisted of 7,295 units acquired at N18.00 per share.
The corporate filing indicated that the total volume of 17,000 units was accumulated at an aggregate volume-weighted average price of N17.98 per share.
Following the purchase, the investment analyst has increased her direct equity holding in the financial services group.
United Capital stated that the declaration was made in line with the standard listing rules requiring the notification of insider dealings by employees and directors.
Market analysts note that insider stock acquisitions of this nature typically signal strong internal confidence in a financial institution’s current business fundamentals and long-term earnings trajectory.
Jide, a seasoned journalist with over 12-year experience, reports business-related stories
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