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The Financial Express

Share prices of two cos’ keep soaring sans PSI

FE Online Report | Published: February 18, 2020 13:51:50 | Updated: February 20, 2020 11:27:57


Picture used for illustrative purpose only Picture used for illustrative purpose only

The share prices of two companies - Orion Pharmaceuticals and Orion Infusions - have been soaring despite no undisclosed price sensitive information.

Within 12 trading days, share price of Orion Pharmaceuticals jumped about 60 per cent to close at Tk 43.90 on Monday. The company’s share price was Tk 27.50 on February 2.

The company's share traded between Tk 25.20 and Tk 45 each in the last one year, hitting the one year highest price on Monday last.

Following the ‘abnormal’ price hike, the Orion Pharma on Tuesday informed to its shareholders to take investment decisions based on company fundamentals, technical analysis, and avoid rumor-based speculations.

“At this moment, there is no undisclosed material or price sensitive information of our company which may cause current unusual upward trend in the price of our companies’ marketable securities,” the company said through a message posted on the Dhaka Stock Exchange website.

“We want to request the investors to make their valuable investment decisions based on company fundamentals, technical analysis, price level, disclosed information and most importantly, avoid rumor-based speculations”.

Orion Infusions: The share price of Orion Infusions also jumped 52 per cent within 12 trading session to reach at Tk 82.90 each on Monday. Its share price was Tk 54.60 on February 2.

The company echoed the same as Orion Pharmaceuticals: “At this moment, there is no undisclosed material or price sensitive information of our company which may cause current unusual upward trend in the price of our companies’ marketable securities,”

The company’s share traded between Tk 46 and Tk 83.40 in the last one year.

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