Floor price removed for 66 listed firms
Star Business Report
Star Business Report
BSEC imposed the floor price for all stocks on March 19 of 2020 considering the pandemic
In the first phase, the restriction was lifted for 66 companies yesterday
The Bangladesh Securities and Exchange Commission (BSEC) yesterday lifted the floor price for 66 listed companies as it moved to put an end to its efforts to stop shares from any freefall.
Analysts, merchant bankers and asset managers welcomed the decision. But retail investors questioned the timing of the removal of the floor price as coronavirus infections are surging across the country.
On March 19 of 2020, the stock market regulator imposed the floor price on all stocks by calculating their average prices from the preceding five days to stop the index from falling amid the pandemic.
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