Zichis Agro-Allied Industries Plc continued its upward movement on the Nigerian Exchange (NGX) Limited last week, emerging as the best-performing stock after chalking up 39.62 per cent to trade at N21.78 per share.
The company’s stock has shown no signs of slowing down despite a downward price adjustment it suffered a week ago after an investigation into its price movement.
Zichis joined the local bourse in January 2026 at a unit price of N1.81, but within a month, its share price rose to N17.36 per unit, indicating an 859.12 per cent surge.
After a look into its rise in value, its price was trimmed to N8.58 per unit after the NGX Regulation lifted a suspension on trading on its shares on March 23, 2026.
Last week, which had four trading sessions, Zichis led the price gainers’ chart of 52 equities versus 46 equities of the previous week. Fifty-three shares depreciated versus 53 shares of the preceding week, and 41 stocks closed flat versus 47 stocks recorded a week earlier.
Trailing Zichis on the gainers’ table was The Initiates, which appreciated by 33.04 per cent to N30.60, UAC Nigeria expanded by 27.82 per cent to N181.50, BUA Cement solidified by 24.78 per cent to N408.00, and CAP grew by 22.53 per cent to M145.20.
On the flip side, UBA slumped by 22.27 per cent to N42.75, Royal Exchange shrank by 20.00 per cent to N1.36, Trans-Nationwide Express depleted by 18.99 per cent to N6.40, Deap Capital went down by 14.49 per cent to N4.19, and First Holdco slipped by 13.80 per cent to N64.65.
In the week, the All-Share Index (ASI) and the market capitalisation soared by 7.33 per cent each to 242,277.81 points and N155.994 trillion, respectively.
Also, all other indices finished higher except CG, banking, insurance, AFR Bank Value, MERI Value and sovereign bond indices, which lost 0.80 per cent, 5.52 per cent, 1.13 per cent, 5.80 per cent, 3.31 per cent and 0.26 per cent, respectively
Business Post reports that a total of 4.842 billion shares worth N287.756 billion exchanged hands in 332,453 deals last week compared with the 3.805 billion shares valued at N213.955 billion traded in 297,202 deals a week earlier.
The financial services industry led the activity chart with 3.755 billion units worth N124.398 billion in 146,938 deals, contributing 77.56 per cent and 43.23 per cent to the total trading volume and value, respectively.
The consumer goods sector transacted 177.009 million units worth N30.853 billion in 36,609 deals, and the third place was the services industry with a turnover of 176.809 million units worth N4.387 billion in 15,310 deals.
Access Holdings, UBA, and Wema Bank led the activity chart with 2.026 billion equities worth N60.036 billion in 39,925 deals, contributing 41.85 per cent and 20.86 per cent to the total equity turnover volume and value, respectively.
