The capital market regulator has directed stock exchanges to investigate the abnormal price hike of some listed companies in the last 30 working days.
The Bangladesh Securities and Exchange Commission (BSEC) has asked the country's both bourses to submit reports to it within the 45 working days.
BSEC Executive Director and spokesperson Mohammad Rezaul Karim said that the regulator has set criteria for the stock exchanges to follow during investigations until further instructions.
He said it will minimise the conflict of interest and be helpful for the growth of the current market. It will also increase investor confidence.
The exchanges will also scan the earnings per share (EPS) of those companies, whose EPS changed by 50% more compared to the previous year or the previous quarter.
Any inconsistency in the turnover of these companies will also be scrutinised.
The bourses will also analyse changes in stock prices within the 10 days from the disclosure of any price-sensitive information.
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 got listed recently, has increased almost six times since its debut. The company's shares rose by 530% last month.
Besides, Bangladesh Export Import Company Ltd's share price has increased by 155% – from Tk31 to Tk80 per share – within the last one month.
The share price of LankaBangla Finance Ltd has increased by 92% – from Tk23 to Tk44 per share – within the last one month.