Business Desk :
Walton Hi-Tech Industries, which made its trading debut on Wednesday, continued to soar, with its share price climbing 50 per cent-the highest allowable limit-for the second straight session on Thursday.
The local electronics giant’s share price rose by 125 per cent or Tk 315 in the last two days to Tk 567 from its issue price of Tk 252.
Despite high demand from investors, Walton’s share price could not go up further due to the new circuit breaker system. There were a very few sellers of the shares, leading to a halt of its trading at one point like in the previous day.
Market analysts said cautious investors continued to book profit on majors sectors’ issues which saw substantial gains in the past few weeks while optimistic investors took positions on lucrative stocks.
Walton Hi-Tech Industries, which made its trading debut on Wednesday, continued to soar, with its share price climbing 50 per cent-the highest allowable limit-for the second straight session on Thursday.
The local electronics giant’s share price rose by 125 per cent or Tk 315 in the last two days to Tk 567 from its issue price of Tk 252.
Despite high demand from investors, Walton’s share price could not go up further due to the new circuit breaker system. There were a very few sellers of the shares, leading to a halt of its trading at one point like in the previous day.
Market analysts said cautious investors continued to book profit on majors sectors’ issues which saw substantial gains in the past few weeks while optimistic investors took positions on lucrative stocks.
