SME companies’ trade booms in a month

Listed SME platform companies’ trades skyrocketed within a month. Most of the companies’ trade witnessed multiple times than any other time.

The market stakeholders termed it unusual and said that the investment limit was reduced in the SME market only when there was a continuous decline in the main market.

And the low share price in the SME market pushed large investors to increase their investment in the SME platform.

Not only transactions that boost the companies in the SME board but also the prices of shares have increased significantly.

On a single strike, the share prices of all 15 listed firms increased hundreds of times.

The share price of Achia Sea Foods Limited surged by 362 per cent in the last month. The equity price of Krishibid Feed Limited Company grew by 64%.

The most traded shares were those of Achia Sea Foods Limited, which is listed on the SME Platform.

During this time, the company’s lowest traded volume in a single day was 27 thousand shares. The largest transaction was for 77 lakh shares.

Wonderland Toys Ltd came to the second position in terms of transactions. In the last month, the company’s maximum daily trading reached 9 thousand shares.

And the transaction’s volume reached to approximately two and a half lakh shares. The company’s share price rose 16 percent during this period.

The investors picked Nialco Alloys Ltd as their third choice in the SME platform. The company’s share trading rose 1895 per cent in one month.

Earlier, the company’s maximum daily trading was 87 thousand shares, but now it rose to 17 lakh shares.

Share trading of Bengal Biscuits Ltd, Mamun Agro Products, Krishibid Seed Limited, Master Feed Agrotec Ltd, and all witnessed rise of 1478 per cent, 1198 per cent , 938 per cent, and 938 per cent respectively.

Over the past month, the share prices of Krishibid Feed Limited, Oryza Agro Industries Ltd, Master Feed Agrotec Ltd and Nialco Alloys Ltd increased 70.37 per cent, 43.45 per cent, 43.17 per cent, and 38.67 percent respectively.

Capital market analyst Abu Ahmed said that the companies are included on the SME platform since they are small capital firms. In addition, main market small-cap firms are being included.

The minimum investment limit for transactions in the SME Board was raised from Tk 20 lakh to Tk 30 lakh as of July 28 this year.