BEXIMCO's rally, turnover fuel suspicion of speculative trading
Bangladesh, Aug. 12 -- Shares of Bangladesh Export Import Company Ltd (BEXIMCO) continued to draw heavy trading interest on Tuesday, with the stock topping the Dhaka Stock Exchange's (DSE) turnover chart amid growing concerns over speculative trading.
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BEXIMCO shares generated Tk 513.546 million in turnover on Tuesday, making the company the most-traded stock on the DSE for the day. The latest surge in trading activity comes after the stock gained nearly 29 per cent in just seven working days despite the absence of any major positive corporate disclosure or clear fundamental catalyst.
The unusually high turnover has further intensified questions over whether the recent price rally was driven primarily by speculation rather...
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