The clearest signal on the Nigerian stock exchange today came from a stock that moved in the opposite direction to the market. Livestock Feeds surged the daily limit of 10.0% to NGN 9.35 on Wednesday, June 10, 2026, even as the NGX ASI fell 0.93% to 1,756.92. In a session where 35 stocks declined, 25 advanced, and 13 were unchanged, that outperformance stood out as more than a routine bounce.
The contrast matters because the broader tape was weak, especially in financials. Fidelity Bank dropped 2.5% to NGN 19.9, Wema Bank lost 2.6% to NGN 30.2, First HoldCo fell 2.9% to NGN 67.0, and Sterling Bank slid 3.9% to NGN 7.5. When a consumer-linked name posts a double-digit gain against that backdrop, it usually points to stock-specific accumulation or a sector rotation, not just a rising market lifting everything.
Key figures
- Livestock Feeds: +10.0% at NGN 9.35
- NGX ASI: -0.93% at 1,756.92
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