The share prices of five small cap companies were rising 'abnormally' despite having no disclosed price sensitive information (PSI) for the recent price hikes.
Following the abnormal price hikes, the Dhaka Stock Exchange (DSE) have made queries to explain whether there were any 'undisclosed' PSI.
In their replies, the companies have informed that there was no undisclosed PSI for recent price hike and increase in the volume of shares.
The companies whose share prices are rising abnormally were CVO Petrochemical Refinery, Aziz Pipes, Stylecraft, SK Trims & Industries, and Dulamia Cotton Spinning Mills.
The share price of CVO Petrochemical Refinery closed at Tk 180.20 each on Monday with a rise of 7.84 per cent or Tk 13.10.
The company's share trading closed at Tk 147.10 each on September 27. Later, the price rose 22.50 per cent or Tk 33 in three sessions including on Monday.
The share price of Aziz Pipes rose 17.21 per cent or Tk 27.80 to close at Tk 189.30 in five sessions during September 24 to September October 1, 2018.
The share price of the company, however, declined on Monday. On the day, the share price closed at Tk 180.40 each with a loss of 5.12 per cent or Tk 9.70.
The share price of Stylecraft witnessed an abnormal rise in 15 sessions during September 11 to October 1, 2018. During the period, the company's share price rose 54.55 per cent or Tk 1,522 each.
The company's share price closed at Tk 4,096.50 each on Monday with a loss of 5.0 per cent or Tk 215.60.
Like other companies, SK Trims & Industries has also informed that there is no undisclosed PSI of the company for recent unusual price hike and increase in volume of shares.
In five sessions, the company's share price rose 37 per cent or Tk 9.2 to close at Tk 35 each during September 25 to October 1, 2018.
The company's share price closed at Tk 36.70 each on Monday with a rise of 4.29 per cent or Tk 1.50.
The share price of Dulamia Cotton Spinning Mills closed at Tk 30.40 each on Monday with a rise of 8.57 per cent or Tk 2.40 each.
Previously, the company's share price rose 43 per cent or Tk 8.10 during September 23 to October 1, 2018.
