The Financial Express

BSEC removes floor price for 30 more listed firms

| Updated: June 07, 2021 15:52:32

BSEC removes floor price for 30 more listed firms

he Bangladesh Securities and Exchange Commission (BSEC) lifted the floor price for 30 more listed firms in the second phase on Thursday.

The stock market regulator issued an order in this regard on the day, saying it took the decision in the interest of investors and the development of the securities market. The companies were selected from all the sectors.

The stock market regulator also set the lowest price change limit at 2.0 per cent for the 30 companies, whose floor price bar was withdrawn. However, the upper limit circuit breaker and other conditions remained unchanged.

That means, share prices of the companies can increase maximum 10 per cent, but can decrease only 2.0 per cent every trading day.

On April 7 this year, the stock market regulator withdrew the floor prices of 66 listed companies in first phase in the interest of the investors and development of the country's capital market.

On March 19 of 2020, the stock market regulator imposed the floor price on all stocks by calculating their average prices from the preceding five days to stop the index from falling amid the pandemic.

The companies whose floor prices restriction withdrawn on Thursday are Renwick Jajneswar, Monno Agro & General Machinery, Bata Shoe, Kohinoor Chemicals, Northern Jute Manufacturing, Standard Ceramic, Wata Chemicals, Sonali Paper, Apex Footwear, Kay & Que, Bangladesh Autocars, Stylecraft, Gemini Sea, Eastern Cables, Apex Spinning & Knitting Mills, Monno Ceramic.

The list also includes Bangas, CVO Petrochemical Refinery, Atlas Bangladesh, Apex Tannery, Samata Leather, National Tubes, Aziz Pipes, Sea Pearl Beach Resorts & Spa, Hakkani Pulp & Paper, Orion Infusion, Legacy Footwear, SK Trims & Industries, National Polymer and Daffodil Computers.

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