Apex Spinning share soars 50% in a month

The share price of Apex Spinning & Knitting Mills has been soaring abnormally on the Dhaka Stock Exchange over the last 30 straight sessions.

The company’s share price saw a rise of 50 per cent during the period. Its share price rose 2.28 per cent to Tk 183.5 on Wednesday, which was Tk 122 on January 12, 2022.

Responding to queries made by the DSE, the company said there was no undisclosed price sensitive information for the recent unusual price hike and increase in the volume of shares.

The company distributed 20 per cent cash dividend to its shareholders for FY21, which was 15 per cent in the previous financial year.

Its earnings per share (EPS) was Tk 1.16 for October-December 2021 as against Tk 1.04 for October-December 2020.

Apex Foods

Apex Foods share price continued to surge over the last month.

Its share price gained 45 per cent during the period. Its share price dropped 2.75 per cent to Tk 219.5 on Wednesday, which was Tk 150.7 on January 12, 2022.

Its earnings per share (EPS) stood at Tk 0.43 for October-December 2021 as against Tk. 0.33 for October-December 2020.