Research analyst buys 17,000 United Capital shares

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A research analyst with United Capital Plc, Akinpelumi Marian, has acquired 17,000 ordinary shares of the company from the open market.

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The investment house disclosed this insider trading development in a formal notification submitted to the Nigerian Exchange Limited on Tuesday.

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According to the regulatory document signed by the Company Secretary, Leo Okafor, the cross-transaction was executed on Monday, 22 June 2026.

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A breakdown of the open-market transaction showed that the shares were purchased in two separate tranches on the trading floor.

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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.

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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.

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Following the purchase, the investment analyst has increased her direct equity holding in the financial services group.

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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.

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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.

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