Multi-Trex Extends Post-Suspension Rally With 10% Gain to N0.55

Multi-Trex Integrated Foods Plc prolonged its rally on the Nigerian Exchange on Thursday because the inventory gained 10 % to shut at N0.55.

The inventory superior from N0.50 to N0.55, including 5 kobo throughout the session to rank among the many day’s largest gainers.

The newest enhance extends the sturdy run recorded by Multi-Trex since buying and selling in its shares resumed following the lifting of a suspension that had lasted almost eight years.

The Nigerian Exchange lifted the suspension on Multi-Trex shares on October 7, 2026, after the corporate filed the related excellent monetary statements required for compliance.

Trading within the firm’s shares had been suspended in November 2018 following its failure to satisfy monetary reporting necessities.

Since returning to energetic buying and selling, Multi-Trex has attracted renewed investor curiosity.

The inventory climbed from N0.36 to N0.42 throughout the week ended October 9, representing a achieve of 16.67 %.

By Thursday, October 15, the share value had reached N0.55, placing it 13 kobo, or roughly 31 %, above its October 9 closing value.

Measured from N0.36, the extent from which the post-suspension rally accelerated, Multi-Trex has now appreciated by N0.19 per share, or about 52.8 %.

The newest 10 % advance additionally locations the inventory amongst a small group of equities recording most or near-maximum every day beneficial properties throughout Thursday’s session.

Zichis Agro Allied Industries equally gained 10 % to N17.93, whereas Austin Laz & Company superior 9.92 % to N2.66.

Multi-Trex’s continued rally got here because the broader equities market recorded a marginal enhance, with the NGX All-Share Index gaining 0.01 % to 247,707.13 factors on Thursday.