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The head of portfolio management at investment firm United Capital, Kayode Tinuoye has just purchased 500,000 shares according to a filing on the Nigerian Stock Exchange (NSE).
The shares were bought at an average price of N2.98 per share on August 04, 2020.United Capital closed trading at N2.98 per share yesterday and the stock is up +74 percent in the past year.
Insider purchases are considered a bullish signal by MoneyCentral.