2024 April 24 19:04:29
Own Correspondent: The regulatory agency Bangladesh Securities and Exchange Commission (BSEC) has taken new initiatives to prevent continuous price fall.
Now a new limit has been set for reduction in share price of all listed companies. However, this limit will not apply to companies on floor price. According to BSEC, this action has been taken in the interest of investors.
Today Wednesday (April 24) BSEC issued an order in this regard. Which will be effective from tomorrow Thursday (April 25). This information is known from BSEC sources.
According to the BSEC order, the share price of a company can fall by a maximum of 3 percent in a day. No one can sell or buy shares at less than this price.
However, the previous limit on price increase remains in place. In light of the previous day’s market price of the shares, the next day price can increase from a minimum of 3.75 percent to a maximum of 10 percent.
In the existing circuit breaker system, price limits are fixed based on the share price. This limit is applied on the next day in light of the previous day’s closing price of the shares of any company.
If the share price of a company is within Tk 200, the share price may increase or decrease by up to 10 percent the next day. 8.75 percent from Tk 200 to Tk 500, 7.50 percent from Tk 500 to Tk 1000, 6.25 percent from Tk 1000 to Tk 2000, 5 percent from Tk 2000 to Tk 5000 and If it is more than 5000 rupees, 3.75 percent may increase or decrease.
The lower limit of this circuit breaker is fixed while maintaining the upper limit of the price increase and the lower limit of the price decrease.
ShareNews, 24 April 2024
