The Nigerian Exchange Limited (NGX) has suspended trading in the shares of Zichis Agro-Allied Industries Plc pending the outcome of a regulatory investigation into recent trading activities.
The suspension was announced in a Market Bulletin issued to dealing members on Monday.
The action follows extraordinary price movements in which the stock price recorded 772% to close at N17.36 per share on Friday, February 20, up from its January 20 listing price of N1.81.
