NGX Raises Alarm Over Unusual Share Price Movements
The Nigerian Exchange Ltd. (NGX) has expressed concern over sharp and unusual price movements in the shares of some listed companies in recent trading sessions.
In an investor alert issued on Monday, the Exchange said it observed significant volatility that may not reflect the underlying fundamentals of the affected companies.
It advised investors to rely strictly on publicly available information when making investment decisions.
According to the notice, investors should base their decisions on careful analysis of companies’ fundamentals, risk profile and financial performance.
The Exchange cautioned against trading driven by rumours, social media speculation or unverified market information.
It warned that speculative activities could expose investors to avoidable losses and weaken confidence in the market.
NGX assured stakeholders that it would continue to monitor trading activities closely to detect infractions and ensure compliance with its rules.
It added that it remains vigilant in its surveillance to safeguard market integrity and protect investors.
The Exchange also urged investors to consult licensed stockbrokers and registered investment advisers before executing major transactions.
Reaffirming its regulatory mandate, NGX said it remains committed to maintaining a fair, orderly and transparent market for all participants.
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