Stocks
Walton’s Sponsor Director Announces Sale of 1.5 Lakh Shares for Market Compliance
Walton Hi-Tech Industries Ltd’s sponsor Director, SM Ashraful Alam, has announced plans to sell 1.5 lakh shares from his holdings in the block market of the Dhaka Stock Exchange (DSE) within the next 30 days. Currently possessing 65,855,111 shares in the company, he will sell the specified shares at the prevailing market price, as disclosed on the DSE on Sunday (14 January).
The decision to divest shares aligns with the directives of securities regulators, aiming to increase free float shares to 10% in the stock market. Presently, Walton’s free float shares represent only 1.01% of the total shares.
In response to a directive from the Bangladesh Securities and Exchange Commission (BSEC), sponsors and directors of companies, including Walton Hi-Tech Industries, were given three years to ensure a minimum of 10% free-float shares. Free-float shares are those held by external shareholders who can trade company stocks without prior declaration.
On September 12, 2021, the BSEC directed Walton Hi-Tech Industries, Berger Paints Bangladesh Ltd, and the Investment Corporation of Bangladesh (ICB) to achieve the 10% free-float shares target within a year through the offloading of sponsor-held shares.
As of Sunday, Walton’s share price remained at Tk1,047.70 each on the DSE.
Dhaka Stock Market DSE, Bourse on the last working day of the week, 25th July, ended with a hike in Indices and Turnover from the previous working session. This information is known from DSE sources.
497 crore 34 lakh taka shares were traded on this day. 337 crore 97 lakh more tradings were done in DSE today compared to the previous workday, July 24th, Shares worth Tk 159 crores 37 lakh shares were traded last time, Wednesday.
The benchmark DSEX increased 62.81 points or 5,413 The Shariah-based index DSES added 13.81 points or 1,183 and the blue-chip index DS30 gained by 24.25 points or 1,932.
Of the issues traded, 286 advanced, 66 declined and 40 remained unchanged.
Techno Drugs Limited ranked top gainer on DSE, the share price increased by Tk 3.80 paisa or 9.87 percent. On this day, the share was last traded at Tk 42.30 paisa.
Rangpur Foundry Limited ranked top loser on the DSE, the share price dropped by Tk 5.40 paisa or 2.98 percent. On this day, the share was last traded at Tk 175.70 paisa.
DSE topped on trade is Square Pharmaceuticals PLC 35 crore 9 lakh takas of company shares have been traded.
A total of 28 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 82 lakh 94 thousand 29 shares of the companies were traded. The financial value of which is 21 crore 92 lakh taka
One of the listed companies, Eastland Insurance Company Limited discloses its financial reports for the second quarter, (April – June 24).
The company’s earnings per share (EPS) Tk 0.27 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.41 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. NAV per share was Tk. 20.85 as of June 30, 2024.
One of the listed companies, Shahjalal Islami Bank PLC discloses its financial reports for the second quarter, (April – June 24).
The company’s Consolidated earnings per share (EPS) Tk 1.50 paisa in Q2 of the current financial year (April – June 24). Consolidated EPS was Tk. 1.50 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. Consolidated NAV per share was Tk. 20.85 as of June 30, 2024.
