NGX Regulation Limited (NGX RegCo) has issued a firm advisory to the investing public, warning against the dangers of speculative trading and urging market participants to base their investment decisions on company fundamentals rather than unverified information.
In a statement released on Wednesday in Lagos, NGX RegCo, the independent regulatory arm of the Nigerian Exchange Group, addressed notable price movements observed in the shares of certain listed companies over recent trading sessions.
The Exchange clarified that the advisory is part of its standard market surveillance functions, designed to ensure a fair, orderly, and transparent market.
In the statement, the CEO of NGX Regulation Limited, Olufemi Shobanjo, said, “Our primary responsibility is to maintain a level playing field where market participants can trade with confidence, backed by timely and accurate information.