The share price of Wata Chemicals Limited listed in the stock market is increasing at an unusual rate. The company’s share price has increased continuously in the last month. The company’s share price increased by more than 40 percent.
Dhaka Stock Exchange (DSE) said, there is no price-sensitive information behind the increase in the company’s share price.
DSE says that recently DSE sent a notice to find out the reason for the abnormal increase in the share price of the company. In response, the company said the share price was rising without any undisclosed price-sensitive information.
Market analysis shows that on June 16, the share price of Wata Chemicals was 113 taka 60 paisa. The share price of the company was traded at 159 taka 80 poisa on Tuesday (02 July). That is, in 9 working days, the price of the share increased by 46 taka 20 poisa or more than 40 percent.
