Prices of ten companies rise 'unusually'
FE Report | Monday, 28 January 2019
The share prices of ten listed companies recently rose 'unusually' despite there was no undisclosed price sensitive information for such price hike of shares.
The companies' share prices rose 17 per cent to 51 per cent during January 1 to January 27. Most of the companies which displayed unusual price hike were from the insurance sector.
The Dhaka Stock Exchange (DSE) has made separate queries to know whether there was any undisclosed price sensitive information behind the unusual price hike of shares.
Following the DSE's queries, the companies separately informed that there was no undisclosed price sensitive information for unusual price hike of shares.
The share price of United Power Generation and Distribution Company closed at Tk 379.40 each on Sunday with a rise of 2.26 per cent or Tk 8.40.
The company's share price closed at Tk 304.30 each on January 1 last. Later, the share price rose 25 per cent or Tk 75.10 in 18 sessions as of Sunday.
The share price of Pragati Insurance closed at Tk 38 each with a rise of 9.80 per cent or Tk 2.0. On Sunday, the company was in the chart of top 10 gainers.
The company's share price closed at Tk 28 each on January 7. Later, the share price sadvanced 28 per cent or Tk 10 in 13 sessions as of Sunday.
The share price of Central Insurance Company rose 7.35 per cent or Tk 2.0 to close at Tk 29.70 each on Sunday. The company's share price rose 42 per cent or Tk 8.80 during January 6 to January 27.
The share price of Rupali Insurance Company rose of 35 per cent or Tk 7.30 during January 7 to January 27. The company's share price, however, declined on Sunday and closed at Tk 28.10 each with a loss of 4.23 per cent or Tk 1.20.
The share price of Pragati Life Insurance closed at Tk 129.10 each with a rise of 1.02 per cent or Tk 1.30 on Sunday. The company's share price rose 17 per cent or Tk 18.80 during January 7 to January 27.
The IFIC Bank witnessed 40 per cent rise in share price during January 1 to January 24. The company's share price, however, declined marginally on Sunday and closed at Tk 15.40 with a loss of 4.35 per cent or Tk 0.70.