Trading of Renwick Jajneswar suspended

FE Report

Dhaka Stock Exchange (DSE) Wednesday suspended the share trading of Renwick Jajneswar and Company (BD) Limited for an indefinite period, as the bourse opened investigation into an 'abnormal' hike of the company's share prices.

"Trading of shares of Renwick Jajneswar and Company (BD) Ltd. was suspended Wednesday by DSE Management for unusual price hike of shares which is under investigation," said a DSE statement posted on the DSE website Wednesday.

DSE enquiry team is investigating the unusual price movement of shares of the company during the period from February 25, 2014 to March 27, 2014, said a DSE official.

Earlier, on 30 March, the DSE management formed an enquiry team to investigate the unusual price movement of shares of the company. But the prices of shares of the company continued to rise.