Unusual rise in shares of the two companies

Staff Reporter: United Insurance and Maxons Spinning have no undisclosed price sensitive information behind the unusual share price and transaction increase. The companies said this in response to a letter from the Dhaka Stock Exchange.

The market review showed that the closing price of the share of United Insurance on April 17 was 43 rupees 50 paise. Since then, the share price has started rising at an unusual rate. Last Tuesday (May 4), the stock had a closing price of Tk 80.10.

On the other hand, the transaction figure shows that a total of 5 lakh 61 thousand 756 shares of the company were traded last Tuesday.

Besides, the closing price of Maxons Spinning’s share on April 11 was Tk 8.20. Since then, the share price has started rising at an unusual rate. Last Tuesday (May 4), the stock had a closing price of Tk 13.80.

On the other hand, a total of 1 crore 93 lakh 49 thousand 479 shares of the company were traded on Tuesday.


Source: Daily StockBangladesh by www.dailystockbangladesh.com.

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