Sharp, unexplained stock movements spark caution as NGX warns against rumor-driven trades.
The Nigerian Exchange (NGX) has flagged unusual volatility in some listed stocks, noting that recent sharp price swings may not reflect company fundamentals.
In a Monday alert, the Exchange urged investors to rely only on verified information and thorough analysis of company performance and risk before trading. It warned that following social media speculation or unverified tips could lead to losses and erode market confidence.
NGX reassured stakeholders that it is closely monitoring trading activities to ensure compliance, safeguard market integrity, and protect investors. The Exchange also encouraged consulting licensed stockbrokers or registered advisers before making major investment moves.
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