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Our Bureau

Mumbai , May 27

THE Bombay Stock Exchange has decided to suspend trading in Sensex Prudential ICICI Exchange Traded Fund (SPIcE) from June 1 in the wake of sharp rise in its price.

SPIcE gained almost 150 per cent in the last one week. In today's trading also it was up 20 per cent and closed at Rs 240.79.

The rise in the price was despite the BSE's decision to move the fund to trade-to-trade segment from today.

Under normal course SPIcE price movement should be in line with the movement of BSE Sensex. SPIcE is valued at 1/100th of Sensex value. So if Sensex is trading at 6700, then SPIcE value should be Rs 67.

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