BD Paints shares soar 43% in five days
In just five days, the stock price of BD Paints, a small and medium enterprise listed on the SME board of the Dhaka Stock Exchange (DSE), soared by 43%, according to recent trading data.
The DSE data showed that the company's share price jumped from Tk19.80 on 29 May to Tk28.40 on 4 June.
In response to the sharp increase, the DSE on 4 June issued a query to the company regarding the unusual trading activity. In its reply, BD Paints stated that there was no undisclosed price-sensitive information responsible for the recent spike in share price and trading volume.
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BD Paints, which listed on the SME platform in 2022, recommended a 12% cash dividend to only its general shareholders for FY24, amounting to Tk5.17 crore.
The company held its annual general meeting (AGM) on 30 December last year.
However, in February this year, BD Paints informed through a separate disclosure that it had not submitted the dividend compliance report in connection with disbursement of the declared dividend for the year ended on 30 June 2024.
