Sappi is trading 12.5% up at ZAc 1,406 as improving risk-on sentiment toward materials and industrials fuels a multi-day rebound in its share price.
- The move follows a broader trend of cyclicals coming into favor, though there are no fresh company-specific earnings, deal announcements, or major corporate news driving the jump.
- Recent gains appear primarily tied to overall sector strength and an increased market appetite for non-tech names.