Zichis Gains Momentum on NGX as Full Bid Builds to 280 Million Units
Zichis Agro-Allied Industries Plc is fast becoming one of the most talked-about new listings on the Nigerian Exchange as its shares attracted intense buying pressure, hitting a full bid of about 280 million units and fueling expectations of a move toward the ₦3 mark.
The agribusiness firm, which was listed on the NGX Growth Board on January 20, 2026, debuted with 600 million ordinary shares priced at ₦1.81 each.
Since then, the stock has recorded a sharp rally, reflecting growing investor confidence in the company’s fundamentals and growth outlook. Within its first week of trading, Zichis shares climbed steadily, touching levels as high as ₦2.88, representing a gain of over 40 percent from its listing price.
Market data shows that buy interest has significantly outweighed sell orders, with roughly 280 million units stacked on the bid side. In equity market terms, a full bid of this magnitude signals strong demand, limited profit-taking, and expectations of further price appreciation. This demand dynamic has strengthened speculation among traders that the stock could test the ₦3 level if momentum is sustained.
The rally is being supported by the company’s recent financial performance. For the nine-month period ended September 30, 2025, Zichis reported revenue growth of more than 120 percent year-on-year, driven largely by increased output and sales from its poultry and egg production business. Profit before tax also surged significantly, translating into a marked improvement in earnings per share.
Despite cost pressures common in the agribusiness space, the company was able to expand its gross profit, reinforcing the view that its operations are scaling efficiently.
The strong post-listing performance of Zichis highlights renewed interest in growth-oriented companies on the NGX, particularly within the agricultural sector.
With food production and agro-processing playing a critical role in Nigeria’s economic stability, companies that demonstrate profitability, scalability and transparent governance are beginning to attract more attention from both retail and institutional investors.
As trading continues, market participants will be watching closely to see whether demand remains strong enough to push the stock decisively above its current range.
While short-term price movements may be influenced by profit-taking, the sustained full-bid position suggests that many investors are positioning for longer-term gains rather than quick exits.
For now, Zichis Agro-Allied Industries appears firmly on the radar of the market, with its early trading performance setting a positive tone for what could be one of the more closely followed growth stocks on the Nigerian Exchange in 2026.
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