Stocks
3 companies share in extreme state, appear to be the top of foreign trusts
3 companies including BRAC Bank are at the top of the trusts for foreigners. Since these companies are at the top of foreign trust, share prices are relatively moving backward. Amidst, the shares of BRAC Bank hold the floor price from the previous month.
This information is known from Dhaka Stock Exchange (DSE) sources.
According to the sources, BRAC Bank is the most trusted by foreigners from the listed companies. A total of 35.21pc shares in the company are held by foreigners.
Plus, 3 companies in the banking sector adding BRAC Bank are in the top ten of the trust of foreigners. Those are – Islami Bank and City Bank. Foreigners have 22.59pc investments in Islami Bank and 4.77pc investments in City Bank.
Amidst the companies that are at the top of the trust of foreign investors, those institutions in the banking sector are the slowest in share price. Although there is 35.21pc foreign investment in BRAC Bank, the share is currently trading at 38 taka 50 paisa. Besides, each share of the number three company Reneta, which is at the height of foreign interest, is trading at 1 thousand 303 taka. So, the share price of BRAC Bank is 33 times less than the third company on the list even from the top of foreign investment. That is, every share of BRAC Bank is being sold at a price 33 times less than that of Renata even from the top in foreign investment.
The price at which BRAC Bank shares are exchanging is the minimum share price (floor price) arranged by the Securities and Commission. Without the floor price, the share price was likely to fall further. BRAC Bank shares are trading at 38 takas 50 paisa since September 1.
There are 2 more banks in the top ten of foreign investment. Those are more vulnerable to share price. Although Islami Bank has 22.59pc, the share was last traded at 32 taka 90 paisa. And the shares of City Bank, which is number 10 in the list, were last traded at 22 taka 80 paisa.
Apart from those companies in BSRM and banking sector, the share price of other companies that leads in foreign investment is more than 100 takas. Beximco Pharma is ranked second among companies with foreign investment. Shares of the company with 28.31pc foreign investment last traded at Tk 129.90 paisa.
The share price of Renetta Limited in third place is 1 thousand 303 taka. Foreign investment in this company is 22.90pc.
Olympics has 22.59pc foreign investment. Shares of this company last traded at 128 taka 20 paisa.
BSRM is on the list with 17.49pc foreign investment. The company’s shares last traded at Tk 93.
Square Pharma, a pharmaceutical and chemical company, has 13.64pc foreign investment. The current market price of the company’s shares is 209 taka 80 paisa.
Shares of British American Tobacco, which has 6.93pc foreign investment, last traded at Tk 518.60. And shares of Singer, a company with 4.83pc foreign investment, were last traded at 151 taka 90 paisa.
Dhaka Stock Market DSE, Bourse on the second working day of the week, 30th September, ended with a negative performance in Indices and a hike in Turnover from the previous working session. This information is known from DSE sources.
503 crore 90 lakh taka shares were traded on this day. 22 crore 58 lakh more tradings were done in DSE today compared to the previous workday, 29th September, Shares worth Tk 481 crores 31 lakh shares were traded last time, Sunday.
The benchmark DSEX lost 33.61 points or 5,624 The Shariah-based index DSES dropped 7.36 point or 1,263 and the blue-chip index DS30 decreased by 9.57 points or 2,053.
Of the issues traded, 72 advanced, 299 declined and 25 remained unchanged.
Shahjibazar Power Company Limited ranked top gainer on DSE, the share price increased by Tk 4.00 paisa or 9.76 percent. On this day, the share was last traded at Tk 45.00 paisa.
Dhaka Electric Supply Company Limited ranked top loser on the DSE, the share price dropped by Tk 1.80 paisa or 7.56 percent. On this day, the share was last traded at Tk 22.00 paisa.
DSE topped on trade is Pragati Life Insurance Limited 25 crore 35 lakh takas of company shares have been traded.
A total of 27 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 50 lakh 42 thousand 956 shares of the companies were traded. The financial value of which is 65 crore 60 lakh taka
One of the Listed companies, National Polymer Limited has recommended 10.50% Cash Dividend for the year ended June 30, 2024.
It has reported Consolidated EPS of Tk 2.27 paisa, and Consolidated NAV per share of Tk 30.63 for the year ended March 31, 2024.
The Annual General Meeting (AGM) of the company will be held on December 18, through the digital platform. The record date for this has been fixed at October 22.
The Company also discloses its financial reports for the second quarter, (April – June 24).
As per the company’s consolidated life revenue account for April to June 2024, the excess of total income over total expenses, including claims (surplus), stood at Tk 1,394.24 million. This marks a significant increase from the surplus of Tk 823.68 million during the same period in 2023.
For the first half of 2024, from January to June, the company reported a surplus of Tk 2,177.57 million, compared to Tk 1,290.39 million in the corresponding period of the previous year.
Additionally, the Life Insurance Fund balance as of June 30, 2024, reached Tk 55,188.62 million, showing a net increase of Tk 5,892.25 million from Tk 49,296.37 million on June 30, 2023.
One of the Listed companies, Beacon Pharmaceuticals PLC has recommended 20% Cash dividend and 10% Cash Dividend to Sponsor Shareholder and Directors for the year ended June 30, 2024.
It has reported EPS of Tk 2.26 paisa, and NAV per share of Tk. 26.37 for the year ended June 30, 2024.
The Annual General Meeting (AGM) of the company will be held on December 23, through the digital platform. The record date for this has been fixed at October 27.
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