BDCOM’s share price rise unusually

The sharp spike of BDCOM Online Limited’s share prices with no particular reason is leaving many experts baffled.

In the last four working days until Thursday, the share price of the company surged Tk 10.70 or 45 percent.

The company had not disclosed any price sensitive information that could have triggered the rise of its share prices, BDCOM told the Dhaka Stock Exchange (DSE) on March 9 in reply to a recent notice.

On March 6, the company’s price was Tk 23.60 per share. From there, on March 10, the price jumped to Tk 34.30.

This generated a growing interest in BDCOM shares among investors last week resulting in the company topping DSE’s weekly Top 10 Gainers list last week. However, it has come down to second place this week.

Regarding the matter, the Business Insider Bangladesh tried to contact Kutub Uddin, secretary of BDCOM Online Limited. However, he did not receive the call.