Share okayMarlon Yarde (FP)
By Geralyn Edward, Business Editor | Sat, October 06, 2012 - 12:10 AM
THE BARBADOS Stock Exchange (BSE) says everything is above board with the movement of One Caribbean Media (OCM) shares that hit the $5 mark this week.
OCM’s share value had been hovering around $3 for several months, but last month investor concerns were raised about the difference between the OCM share value on the BSE and the much higher value of the same stock of $5.30 on the Trinidad and Tobago Stock Exchange and that some people were benefiting from the situation.
However, the stocks’ value has been steadily increasing, moving up to $4.02 last month, then to $4.10 before closing last week on $5.
When contacted yesterday, general manager of the BSE, Marlon Yarde, told the SATURDAY SUN: “There was nothing out of the ordinary or anything that violated our rules or the legislative framework that we operate in as it relates to the share price movement.Please read the full story in today’s SATURDAY SUN, or in the eNATION edition.
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