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Okomu Oil Palm Insider trading

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Adewale Stock

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As you all know, insider buying and selling are important when it comes to stock trading. Insider buying can post confidence in a company as this may mean that the company will be well managed since the money of insiders is involved. Also, insider selling to some extent may mean that it's time fo investors to sell too.

Today, Nsmnews noticed some insider transactions in Okomu Palm Oil stocks and we think that investors should be aware of what happened.
The recent insider trading in Okomu Palm Oil company is insider buying. According to the company reporting form, foreign investors bought

Bought 2,011,600 ordinary shares units of Okomu oil PLC at N78.72 Naira per share.

Okomu Oil Palm company share purchase breakdown

First purchase: 1,883,759.
@ N77.98
Second purchase: 13,540. @. N78
Third. :
114,301 @ N74.76

The transaction happened on September, 9th, 10th, and on the 11, 2020.

click here to read more about the transaction.

https://www.nse.com.ng/Financial_Ne...M_PLC.-NOTIFICATION_OF_SHARE_DEALING_BY_I.pdf