Sappi is trading 5% up at ZAc 1165, extending a strong weekly rebound as the market continues to react to a significant institutional stake disclosure.
- PSG Asset Management clients recently increased their holding in the company to 5.22%.
- The stock is maintaining positive momentum today despite a lack of fresh company announcements or specific sector catalysts.
- The current move follows a period of sharp price swings and reflects sustained investor interest following the holding update.