Price band for individual stock at CSE

MoneyLover · 1 Price band for individual stock at CSE Sun Mar 29, 2020 7:00 pm

MoneyLover

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Can someone explain how price bands applicable for each stock traded in CSE?
(in addition to the market breakers)

MoneyLover · 2 Price band still there? Sun May 10, 2020 9:15 am

MoneyLover

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Hi

I remember the price band of individual stocks imposed a few years ago to minimize manipulations (pump and dump). This limit stock movements (plus or minus 20-25% on a particular day over the previous day stock price)

I just need to know whether such restrictions are still there and what is it exactly? If anyone could share the link to the particular circular/direction here is appreciated.

Equityinvestor · 3 Re: Price band for individual stock at CSE Sun May 10, 2020 10:14 am

Equityinvestor

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I remember LOLC was stopped trading due to price band been in effect, during the recent run it had. I think it’s 25%

MoneyLover · 4 Re: Price band for individual stock at CSE Sun May 10, 2020 6:54 pm

MoneyLover

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Equityinvestor wrote:I remember LOLC was stopped trading due to price band been in effect, during the recent run it had. I think it’s 25%

Thank you. So, plus or minus 25% from the previous close.

wallstreetguy · 5 Re: Price band for individual stock at CSE Sun May 10, 2020 8:50 pm

wallstreetguy

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The price band I remember was first introduced when that lady SEC chairman was there back in 2011. The price band was one of the worst things introduced to the market which was taken out later. It actually killed the upward momentum and the market overall.

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Price band for individual stock at CSE

1 Price band for individual stock at CSE Sun Mar 29, 2020 7:00 pm

MoneyLover

2 Price band still there? Sun May 10, 2020 9:15 am

MoneyLover

3 Re: Price band for individual stock at CSE Sun May 10, 2020 10:14 am

Equityinvestor

4 Re: Price band for individual stock at CSE Sun May 10, 2020 6:54 pm

MoneyLover

5 Re: Price band for individual stock at CSE Sun May 10, 2020 8:50 pm

wallstreetguy