Staff Reporter: In the interest of investors and at the request of intermediaries, the regulator Bangladesh Securities and Exchange Commission (BSEC) has suspended the directive to look into the reasons for the unbridled rise in share prices.
The BSEC on Wednesday (January 13th) sent a letter of suspension to both the stock exchanges.
Earlier, on January 12 (Tuesday), the BSEC allowed the Dhaka and Chittagong Stock Exchanges to look into any major changes in a company’s share price and transactions without any prior permission.
One of the guidelines said that if a share price rises by 50 percent or more in a month, it can be checked
In addition, if a company’s share turnover in a month increases more than five times the average turnover of the previous six months, if the listed company’s annual or marginal earnings per share or EPS is more than 50 percent higher than the same period last year, price sensitive information or PSI The stock exchange authorities will check if the company’s price and transactions are more or less 30 percent.
Although the BSEC issued the guideline on investigation to increase transparency and dynamism in the market, it caused panic among investors. And the negative impact can be seen in the big price fall in the market.
Source: Daily StockBangladesh by www.dailystockbangladesh.com.
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