Circuit breaker from first trading day
A trading curb was introduced for newly listed companies yesterday so that any abnormal price hike on their first two trading days can be arrested.
The circuit breaker will allow a 50 percent rise from the issue price on the first day and on the second day, another 50 percent from the first day’s adjusted closing price.
From the third day, the limit will be 10 percent, as applicable for all stocks.
Time extended to correct BO account data
The Bangladesh Securities and Exchange Commission has extended till December 31 the deadline for brokerage houses to correct errors present in bank accounts and national identity card data of beneficiary owner’s (BO) accounts.
The capital market watchdog extended the previous deadline of July 31 on discovering mismatches in information of BO accounts in reports submitted by many brokerage houses.
Stock dealers get relief from higher provisioning
In response to a demand from Dhaka Stock Exchange Brokers’ Association, the stock market regulator yesterday gave the go-ahead to stock dealers to keep a lower amount in provisioning on their losses in investments in mutual funds.