The unusual rise in the share price of the capital market-listed company Apex Spinning and Knitting Mills Limited is not due to any price-sensitive information. This information was provided by the firm’s authorities in response to the DSE’s warning regarding the recent, unusual rise in the share price of the company.
Sources from the Dhaka Stock Exchange (DSE) disclosed this information.
The source claims that on June 17, the company’s share price was 84 taka 70 paisa. Additionally, at the conclusion of the market on Tuesday, July 15, the company’s share price rose to 125 taka 40 paisa. In other words, in just 19 working days, the share price rose by 40 taka 70 paisa.
The DSE authorities consider this price increase to be abnormal.
