Directors of listed companies who now need buy back shares from the market to fulfill their regulatory requirements of holding 2 per cent share individually and 30 per cent altogether wants lift floor price.
If the price cap lifted sell pressure may force many companies share to go down and then the directors who sell their shares at high rate previously can buy it again from market at low rate.
Institutional investors like commercial bank and merchant banks who have been earn huge amount of money by buying shares at dull market and sell it by making hype artificially wants the floor price lifting. Some big market players, and merchant banks, who are conspiring like in the past – want to grab the shares held by ordinary investors at a low price.
Some pet brokers job is to mislead investors under the guise of good manners. Among them are many so-called stock market analysts and online media owners.
Now in contrary, who is in favor of floor price ….?
Ordinary investors, who are always neglected and deprived want floor price remain there. They want to save their capital – let the floor price continue until the market is normal.
Now the question is whether the government and BSEC shall favour continue floor price?
The new commission is still in favor of keeping the floor price remain continue. The BSEC manifesto clearly states that the commission’s job will be to protect the interests of capital market investors.
So hopefully, the BSEC will be on the side of the investors. They will try to ensure that their invested capital is not damaged.