The stock market regulator has imposed a standard downward circuit breaker limit of share to 5.0 per cent instead of 2.0 per cent--based on the previous trading day’s closing price.
Bangladesh Securities and Exchange Commission (BSEC) has issued a directive to the Dhaka Stock Exchange and Chittagong Stock Exchange in this regard on a temporary basis on Wednesday.
The new order will come into effect from Thursday and shall remain in force until further order, according to BSEC.
From now on, the price of shares of all companies listed on the capital market would not fall below 5.0 per cent.
The upper limit circuit breaker, however, remained unchanged, meaning any stock price can rise up to 10 per cent in a single day.
Earlier on March 9, this year, the BSEC lowered the circuit breaker limit to 2.0 per cent from the usual 10 per cent in order to curb the free-fall of stocks amid the war between Russia and Ukraine.
