Share prices of four SME Platform companies- Wonderland Toys, Nialco Alloys, Oryza Agro Industries and Apex Weaving & Finishing Mills- are rising without any price sensitive information (PSI).
Share prices of these companies rose between 38.50 per cent and 136 per cent in the last eight trading days in the falling market.
Following the 'abnormal' price hike, the Dhaka Stock Exchange (DSE) served show-cause notices on these companies separately.
The companies, however in responses informed the DSE that there is no undisclosed price sensitive information for the recent unusual price hike.
Market insiders, however, said the SME companies' share price started to increase since the securities regulator gave a waiver from registration for the qualified investors (QIs) to take part in trading on SME Platforms.
On March 28, the stock market regulator said qualified investors (QIs) from now on will require no registration to take part in trading in SME platforms.
Investors have been offered the facility as part of the regulatory move to enhance QIs' participation in trading of SME platforms.
The regulator removed the registration requirement for becoming a qualified investor to increase participation in its SME platform.
The DSE SME Platform Index - DSMEX - also rose over 83 per cent or 673 points in the past eight trading days and closed at 1,479 on Thursday.
Within the eight trading days, the stock price of Wonderland Toys jumped over 136 per cent or Tk 31.90 each to close at Tk 55.40 on Thursday in the falling market.
The company's per share price was Tk 23.50 eight days ago. Its shares traded between Tk 13.40 and Tk 115 since it made debut on the newly introduced SME Platform on September 30, 2021.
The stock price of Nialco Alloys soared 132 per cent or Tk 24.40 in the last eight trading days to close at Tk 42.90 on Thursday. Its share price was Tk 18.50 eight days ago on March 28.
Nialco Alloys was the country's first-ever small and medium enterprise (SME) which made its share trading debut on the Chittagong Stock Exchange's SME Platform on June 10, 2021.
The share price of the Oryza Agro Industries also soared 114 per cent or Tk 11.50 each in eight trading days to close at Tk 21.60 on Thursday. Its share price was Tk 10.10 each on March 28 on the prime bourse's SME Platform.
Apex Weaving & Finishing Mills share also rose 38.50 per cent or Tk 6.20 each to close at Tk 22.30 on Thursday. The SME firm's stock price was Tk 16.10 in eight trading days earlier. However, share prices of these companies fell marginally on Thursday after the DSE served show-cause notices on the companies.
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