DSE queries four firms over unusual share price surge

The Dhaka Stock Exchange (DSE), the country's premier bourse, has issued queries to four listed companies following recent unusual surge in their share prices and trading volumes. 

The companies that received the notices are Bangladesh Finance, Hami Industries, S Alam Cold Rolled Steels, and Fine Foods.

In response to the DSE's query, published on the stock exchange's website yesterday, all four companies said that there is no undisclosed price-sensitive information (PSI) behind the recent unusual rise in their share prices and trading volumes.

According to DSE data, on 27 August, the share price of Bangladesh Finance, a non-bank financial institution, was Tk9.1 each, which closed yesterday at Tk10.9, marking an increase of around 20% during the period.

In 2024, Bangladesh Finance incurred a loss of Tk783 crore with a per-share loss of Tk41.61. However, in the first half of 2025, it posted a profit of Tk4.32 crore, with earnings per share (EPS) of Tk0.12.

Hami Industries' share price jumped 7.92% yesterday from the previous trading session to Tk122.6 each. On 9 September, its share price was Tk100.9 each. 

Regarding the surge, the company informed the exchange that no undisclosed price-sensitive information was behind the recent surge in its shares and trading volumes.

In a repeat response to a DSE query, S Alam Cold Rolled Steels said there is no undisclosed price-sensitive information behind its stocks' unusual price hike and trading activity. On 7 September, its share price was Tk18.1 each; by yesterday, it had risen to Tk23.8, a 9.68% gain over the previous session.

On 17 August, Fine Foods' shares were priced at Tk267.3 each. They climbed to Tk309.9 on 11 September but eased slightly yesterday to Tk305.2.

In FY24, Fine Foods reported a profit of Tk1.23 crore and paid a 10% cash dividend to shareholders. During the first nine months of FY25, it recorded a profit of Tk5.75 crore, with an EPS of Tk4.12.