Shares of Zichis Agro Allied Industries Plc are experiencing robust market exercise, with bids totalling 280 million models lined up at N2.88, following a 44.75% achieve through the inventory’s first week.
The surge comes after the itemizing of 600 million models on the Development Board of the Nigerian Alternate (NGX), marking the corporate’s formal entry into the equities market on 20 January 2026.
Since itemizing, the inventory has surpassed its preliminary worth of N1.81 per share, breaking N2.00 the next day and reaching N2.62 on 23 January 2026.
Analysts observe that the value might probably surpass the bid stack round N2.88 if sellers settle for extra presents, representing a attainable upside of greater than 60% post-listing.
Market order knowledge exhibits that bid portions on the N2.88 share worth vary from 25,129,631 to 1,000,000 models.
Zichis Agro Allied recorded its highest day by day surge of 9.63% on 22 January 2026 and achieved a weekly achieve of 44.75% for the week ended 23 January 2026, rating fourth on the weekly advancers desk.
These developments recommend restricted draw back and regular demand for the corporate’s shares, a minimum of within the quick time period, seemingly supported by Zichis Agro Allied’s nine-month financials.
For the 9 months ended 30 September 2025, the corporate reported income of N464.1 million, a 122% enhance from N209.2 million in the identical interval of 2024.
A cursory have a look at Zichis Agro Allied’s financials exhibits that egg gross sales contributed the most important share of income at N176.2 million, adopted by palm oil merchandise at N102.3 million.
Regardless of a 67.35% enhance in the price of gross sales to N212.8 million, the corporate recorded a gross revenue of N251.3 million.
On the stability sheet, whole belongings reached N1.06 billion, up 22% from N871.2 million in the identical interval the earlier 12 months, with property, plant, and gear accounting for 66.1% of whole belongings.
Complete shareholders’ fairness rose to N1.01 billion from N851.5 million, with income reserves of N233.9 million, whereas whole liabilities elevated to N1.06 billion from N871.2 million.
Zichis Agro Allied Industries Plc was included on 12 April 2012 as Zichis Farms Restricted and have become a public firm in Could 2024, adopting its present title.
Any short-term pullbacks after the current shopping for rally might current alternatives for additional positive factors within the inventory.
