That is why the price level of that company is rising
The lowest floor level of the shares of 6 companies in the stock market has been rising since Thursday. The Bangladesh Securities and Exchange Commission (BSEC), the regulator of the capital market, took the decision on Wednesday. This information has been informed in a press release of BSEC.
In order to prevent an abnormal fall in the stock market, a minimum price level was imposed on the shares of all the companies on March 19 last year so that those shares could not fall below that price. By fixing this price level, the abnormal and continuous decline of last year’s index was stopped. The main index of the Dhaka Stock Exchange (DSE) fell to 3,600 points on March 16 before the price level was imposed. From there it continues to grow.
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Companies whose shares have been stuck on the floor price for a long time, with low capital and up to Rs 50 per share, have been lifted to the lowest price level. Because, for a long time, the shares of these companies were not traded. Although there were sellers of shares of the companies, buyers could not be found.
That’s why the company
Of the more than three hundred companies listed on the stock exchange, only six companies had their floor prices lifted, no explanation was given in the BSEC notification. However, it has been found that the lowest price level of the companies whose shares have been stuck in the floor price for a long time, with low capital and up to Rs 50 per share, has been lifted. Because, for a long time, the shares of these companies were not traded. Although there were sellers of shares of the companies, buyers could not be found. Now that the price level has been raised, it is expected that the shares of the companies will be traded.
Apart from this, even though all the shares in the stock market have floor price, it has been decided to withdraw from that company. Because, the rise and fall of these stock prices will not have much effect on the index. So at present the prices of 110 companies are stuck at the floor price but 6 have been chosen. It is learned that the share of these 6 companies in the total market capitalization of DSE is only around 15.5 percent. Therefore, even if the price of all the loins goes down to the maximum of the day due to the lifting of the floor price, the index will not be affected much. But if the price decreases and the transaction increases, the total transaction of the market may increase. Even if the floor price is raised, there will be a circuit breaker, the maximum limit for daily price rise and fall. In this way, the share price of the companies will not be able to increase or decrease by more than 10 percent in one day.