Stocks
War of discussion again about the lowest price

Bangladesh Securities and Exchange Commission (BSEC) re-introduced the lowest price in the stock market in July this year to prevent continuous price decline. After the implementation of the lowest price, the market calmed down, but now most of the share prices remain unchanged. Market analysts have criticized the lowest price, but a section of investors are relieved. And those who are stuck on the lowest shares are criticized.
Analyzing the data provided by DSE, it can be seen that there is a week of relief in the stock market after the introduction of the lowest price. On the first day after lunch, the main stock market of the country, Dhaka Stock Exchange, saw a big rise in the price index. On that day DSE’s flagship index ‘DSEX’ rose 153 points. Two other indices of the major stock market also rose on that working day. At the same time, out of 382 companies that participated in the transaction on that day, the share prices of 362 companies increased.
Also, after the implementation of the lowest price, the market capitalization of the stock market increased by Tk 21 thousand crores in the first week. The lowest price was initially considered a boon for the stock market as the index jumped and market capitalization increased. However, as the days go by, the discussion and criticism about the matter are increasing. As People say the lowest price is preventing the share price from falling forcefully which result, in the market stakeholders also opposing the lowest price.
Due to the lowest price, most of the shares currently held by investors remain unchanged. A total of 373 companies participated in the trading on the Dhaka Stock Exchange (DSE) on the first working day of the week. Among them, the share prices of 177 companies were unchanged today. The prices of 81 companies have decreased. On the contrary, the price of 115 shares increased.
The market picture was the same last week as well. A total of 160 companies share prices were unchanged on DSE last September 25. The next day, September 26 shares of 173 companies were unchanged. On September 27, the share prices of 174 companies neither increased nor decreased. Share prices of 186 companies were unchanged in the next two working days. According to market watchers, the lowest prices are the main reason why the share prices of most companies remain unchanged.
Many consider such behavior unusual in the market. Most of the companies whose share prices were unchanged today did not fall due to the lowest price. Normally the number of unconverted shares used to be below one hundred. However, due to the lowest price, the share price of most of the companies has remained unchanged recently.
Share market analyst and former teacher of Dhaka University Professor Abu Ahmed thinks that the share market is suffering due to the lowest price. He said that even if an investor urgently needs money, he is unable to sell shares due to the lowest price. Some may want to sell their shares and sell some other shares. But he is unable to sell his shares due to the lowest price. However, a section of our investors is in favor of keeping the lowest price.
Saidur Rahman of Bangladesh Merchant Bankers Association BMBA declined to comment on the lowest price. But he thinks the lowest price is not a good solution for the stock market.
According to Bangladesh Investors Council President Mizar-ur-Rashid Chowdhury, BSEC will not raise the lowest price until the main index (DSEX’) reaches 10,000 points. He told that due to the provision of the lowest price, investors have regained their peace of mind. The market is now stable. If the lowest price is lifted now, investors will again suffer losses.
Mizan-ur-Rashid Chowdhury said we do not see any negative side to the lowest price. Because I can at least have the comfort of buying shares my share price will at least remain stable even if it doesn’t go up. If the lowest price is lifted, the market will collapse within a week, this representative of the investor council also believes.
The BSEC Executive Director and Spokesperson are looking at some positive aspects of the lowest price. Rezaul Karim. He told that the lowest price has been given to instill confidence in investors. The volume of transactions in the market also increased after the lowest price was issued. Where earlier the average transaction was below a thousand crore takas, it has now crossed a thousand crore takas.
In response to the question of whether the BSEC is thinking of something like this, the commission official said that when the lowest price was given earlier, the shares of many companies were not being sold. But this time the shares are being sold even though the price is unchanged. Therefore, the volume of transactions in the market has also increased. Everyday transactions are more than a thousand crore takas.
When the lowest price was first introduced in the stock market, most companies remained unchanged. As a result, BSEC withdrew the lowest price of 66 companies on April 7, 2021. Two months later, the lowest of another 30 companies stuck at the lowest price was withdrawn. The commission withdrew the lowest from the shares of all companies last year 20. The Securities and Exchange Commission (BSEC) again introduced the lowest price in the stock market on June 30 this year in the face of continuous price decline.
Stocks
DSE on Slight Hike

Dhaka Stock Exchange DSE, Bourses on the third working day of the week, March 21, ended with price index & turnover hikes.
This information is known from DSE sources.
349 crores 61 lakh shares were traded in DSE on this day. 4 crores 95 lakhs less trading was done in DSE today compared to the previous workday, 20 March, Shares worth Tk 344 crores 66 lakh shares were traded in DSE last time, Monday.
The benchmark index DSEX hiked 18.72 points or 6,222. The Shariah-based index DSES rose 5.90 points or 1,355, and the blue-chip index DS30 gained 4.80 points or 2,220.
Of the issues traded, 87 advanced, 14 declined, and 224 remained unchanged.
Legacy Footwear Limited ranked top gainer on DSE, the share price increased by Tk 4.3 paisa or 10.00 percent. On this day, the share was last traded at Tk 47.30 paisa.
On the other hand,Renwick Jagneswar & Co (Bd) Ltd ranked top loser on the DSE, the share price dropped by Tk 15.7 paisa or 2.05 percent. On this day, the share was last traded at Tk 750.10 paisa.
DSE topped on trade Sea Pearl Beach Resort & Spa Limited 30 crores 78 lakh 18 thousand takas of shares of the company have been traded.
A total of 51 companies’ shares were traded in the Block on Dhaka Stock Exchange, 45 lakh 77 thousand 172 shares of the companies were traded. The financial value of which is 36 crore 90 lakh taka.
Stocks
Phoenix Insurance discloses its Dividends

One of the Listed Companies, Phoenix Insurance Company Limited has recommended 15 percent cash Dividend to its investors for the Financial Year ending December 31, 2022.
This source is known from DSE.
The Company has reported EPS of Tk 2.02 paisa, NAV per share of Tk 37.10 for the year ended December 31, 2022, as against EPS of Tk 2.20 paisa.
The Annual General Meeting (AGM) of the company will be held on May 31 through the digital platform. The record date for this has been fixed at April 17.
/NR
Stocks
Central Insurance Declares its Dividends

One of the Listed Companies, Central Insurance Company Limited has recommended 15 percent cash Dividend to its investors for the Financial Year ending December 31, 2022.
This source is known from DSE.
The Company has reported EPS of Tk 2.03 paisa, NAV per share of Tk 49.48 for the year ended December 31, 2022, as against EPS of Tk 2.41 paisa.
The Annual General Meeting (AGM) of the company will be held on May 28 through the digital platform. The record date for this has been fixed at April 16.
/NR