Five junk stocks registered more than 20% growth in their prices at Dhaka Stock Exchange last week.
They are Kay and Que, Imam Button, Meghna Condensed Milk, Alltex and Dulamia Cotton. Their prices increased by 34.1%, 33.3%, 24%, 22.1% and 21.4% respectively.
Since beginning of the New Year, the prime bourse witnessed only junk stocks to top among the weekly gainers.
Brokers believe, speculators have been active lately in the market with the increase in trade volume. There were no positive disclosures by the companies in the recent times.
During the last week, Meghna Condensed Milk and Dulamia Cotton instead responded to DSE queries that there was no undisclosed price sensitive information for the unusual price hike of the stocks.
The junk stocks made up a cumulative market capital of Tk98.6 crore and a trade value of Tk4.1 crore last week.
