Regulator backtracks on probing stocks’ abnormal price hikes
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard
MONDAY, MAY 16, 2022
MONDAY, MAY 16, 2022
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
Regulator backtracks on probing stocks’ abnormal price hikes

Stocks

TBS Report
13 January, 2021, 09:15 pm
Last modified: 13 January, 2021, 09:23 pm

Related News

  • BSEC roadshow in Qatar postponed
  • BSEC initiates actions against illegal tipsters
  • BSEC okays Investasia Growth Fund draft prospectus
  • Probe six DSE officials’ irregularities: BSEC
  • BSEC to probe owners’ embezzling of Nurani Dyeing IPO funds

Regulator backtracks on probing stocks’ abnormal price hikes

The BSEC postponed the implementation of its instructions after the market experienced a negative impact

TBS Report
13 January, 2021, 09:15 pm
Last modified: 13 January, 2021, 09:23 pm
Bangladesh Security Exchange Commission at Agargaon. File Photo
Bangladesh Security Exchange Commission at Agargaon. File Photo

In less than a day, the Bangladesh Securities and Exchange Commission (BSEC) has backtracked on its decision to impose some regulatory measures to bring stability to the market.

On Tuesday, the regulator directed stock exchanges to investigate the reasons behind the abnormal price hikes of the shares of a number of listed companies.

But, the following day, it postponed the implementation of its instructions after the market experienced a negative impact.

"We have postponed the guidelines issued for the stock exchanges," said BSEC Commissioner Dr Shamsuddin.

"It has created confusion among investors. For this reason, the commission has decided to put it off," he added.

Market insiders said the stock market suffered a big blow following the issuance of the guidelines on the investigation, and investors were confused by the BSEC's decision.

Indices of both stock exchanges fell on Wednesday.

DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), dropped by 1.55% or 91.02 points to settle at 5,770.

However, the turnover on the DSE rose by 6.34% or Tk126 crore on Wednesday.

Recently, many listed companies' share prices have increased by three to four times in the post-pandemic capital market.

The share price of Robi Axiata Limited, which was recently listed, has increased almost six times since its debut. The company's shares rose by 530% last month.

Additionally, the Bangladesh Export Import Company's share price has increased by 155% – from Tk31 to Tk80 per share – within the last month.

Further, the share price of LankaBangla Finance has increased by 92% – from Tk23 to Tk44 per share – within the last month. 

Economy / Top News

BSEC / Stock

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Citizen's platform for monthly Tk1,000 allowance for unemployed youths 
    Citizen's platform for monthly Tk1,000 allowance for unemployed youths 
  • Photo: PID
    Make best use of funds in effective implementation of SDGs: PM Hasina
  • BPC will sell cheap bulk LPG to private companies due to low bottling capacity
    BPC will sell cheap bulk LPG to private companies due to low bottling capacity

MOST VIEWED

  • DSEX drops over 2%
    DSEX drops over 2%
  • Union Capital heading in the same direction as People’s Leasing, BIFC
    Union Capital heading in the same direction as People’s Leasing, BIFC
  • Representational image. Photo: Collected
    Bank investment accounts for less than 5% of DSE market capitalisation
  • Shaw Wallace to sell National Housing shares
    Shaw Wallace to sell National Housing shares
  • Photo: Collected
    BD Paints QIO subscription starts 22 May
  • Firms slow in sending unclaimed dividends to market stabilisation fund
    Firms slow in sending unclaimed dividends to market stabilisation fund

Related News

  • BSEC roadshow in Qatar postponed
  • BSEC initiates actions against illegal tipsters
  • BSEC okays Investasia Growth Fund draft prospectus
  • Probe six DSE officials’ irregularities: BSEC
  • BSEC to probe owners’ embezzling of Nurani Dyeing IPO funds

Features

Bitcoin, by far the largest cryptocurrency, is a terrible substitute for government-issued money. Photo: Reuters

Crypto’s wild week offers a much-needed warning

2h | Panorama
Karst Stone Paper Journal: Write on indestructible stone paper

Karst Stone Paper Journal: Write on indestructible stone paper

2h | Brands
Pesky bugs do not stand a chance against this automatic indoor insect trap

Pesky bugs do not stand a chance against this automatic indoor insect trap

2h | Brands
Wazeenah: Turning furniture into a canvas

Wazeenah: Turning furniture into a canvas

3h | Brands

More Videos from TBS

How can you become proficient as a new team leader?

5h | Videos
Future of newborn baby genome sequencing: Good or Bad?

Future of newborn baby genome sequencing: Good or Bad?

5h | Videos
What Europe-based Fair Wear says about fair price of Bangladeshi cloth

What Europe-based Fair Wear says about fair price of Bangladeshi cloth

19h | Videos
Microplastics found in 5 local sugar brands

Microplastics found in 5 local sugar brands

19h | Videos

Most Read

1
The hostile welcome to Bangladesh
Bangladesh

The hostile welcome to Bangladesh

2
Representative Photo: Pixabay.
Bangladesh

Microplastics found in 5 local sugar brands

3
Mushfiq Mobarak. Photo: Noor-A-Alam
Panorama

Meet the Yale professor who anchors his research in Bangladesh and scales up interventions globally

4
Union Capital asked to return Tk100cr FDR to BATBC 
Banking

Union Capital asked to return Tk100cr FDR to BATBC 

5
Bangladesh gas fields burnt $3m worth of gas in the air in 2021
Energy

Bangladesh gas fields burnt $3m worth of gas in the air in 2021

6
Impact of falling taka against US dollar
Banking

Taka losing more value as global currency market volatility persists

The Business Standard
Top
  • Home
  • Entertainment
  • Sports
  • About Us
  • Bangladesh
  • International
  • Privacy Policy
  • Comment Policy
  • Contact Us
  • Economy
  • Sitemap
  • RSS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net

Copyright © 2022 THE BUSINESS STANDARD All rights reserved. Technical Partner: RSI Lab