Flash Report /
Bangladesh

Floor for 168 low-cap stocks removed and downward circuit breaker to 1% set

  • The BSEC has removed floor price on 168 scrips, effective from December 22, 2022

  • Downward circuit breaker reset to 1.0% for these 168 stocks while upward circuit breaker kept unchanged.

  • These stocks have 6.8% weight on the DSEX and contributed c15% to market turnover (excluding blocks) during YTD 22

Shopnil Paul
Shopnil Paul

Research Associate

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IDLC Securities
22 December 2022
Published byIDLC Securities

The Bangladesh Securities and Exchange Commission has removed floor price on 168 scrips, effective from December 22, 2022. However, the downward circuit breaker has been reset at 1.0% for these 168 stocks while the upward circuit breaker has been kept unchanged. Please note that these stocks, together, have 6.8% weight on the broad index DSEX and contributed 14.5% to total market turnover (excluding blocks) during YTD 2022. Hence, the 1.0% downward circuit limit may have low impact on the index on a given day.