The Financial Express

Share price of two cos soaring sans PSI

| Updated: February 21, 2018 09:45:58

Evaly and Fianancial Express Evaly and Fianancial Express
Internet Photo used only for representation Internet Photo used only for representation

Share price of two listed companies - Apex Foods and Metro Spinning are soaring without any price sensitive information (PSI) or any expansion plan.

The prices of Apex Foods soared 32 per cent or Tk 45 each in the past six trading sessions on the country's premier bourse, which prompted the Dhaka Stock Exchange (DSE) to serve show-cause notice on the company.

The company's share price was Tk 139.6 on February 8 which jumped to Tk 184.60 on Sunday.

Following the recent abnormal price hike, the DSE served show-cause notice on the company. However, the company informed the DSE Monday there is no undisclosed price sensitive information for recent unusual price hike of its shares.

However, the company's share price fell 2.44 per cent on Monday to close at Tk 180.10. The company's share price hovered between Tk 125.80 and Tk 187.80 in the past one year.

The Apex Foods, which was listed on the Dhaka bourse in 1981, retained standard category of "A" in the market by declaring 20 per cent cash dividend in the last three consecutive years.

The company's paid-up capital is Tk 57.02 million and authorised capital is Tk 150 million, while the total number of securities is 5.70 million.

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