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.
One of the listed companies, Standard Ceramic Industries Limited, discloses its financial reports for the second quarter, (October-December 22). This source is known from DSE.
The company’s earnings per share (EPS) was loss Tk 1.33 paisa in Q2 of the current financial year. EPS was loss Tk 4.33 paisa during the same period last year. As of December 31, 2022, net asset value (NAVPS) was Tk 2.33 paisa.
The company reported EPS has been decreased due to reduction in sales and gross profit.
/NR
South Asian Bourse or Stock Markets saw growth last week. Among them, the hike was in the stock markets of India and Pakistan.
A review of South Asian markets shows that India’s Bombay Stock Exchange (BSE) index BSE Sensex has hiked 1,464 points during the week. At the end of the week, the index stood at 58,991 points. On the other hand, the Nifty-50 index of the country’s National Stock Exchange rose by 414 points last week. At the end of the week, the index stood at 17,359 points.
Pakistan Stock Exchange Index ‘KSE 100’ earned 58 points last week. After a week of gaining, the index settled at 40,000 points.
On the hand The Sri Lankan stock market hiked, the Colombo Stock Exchange index ‘ASPI’ lost 118 points in a week. After a week the index settled at 9,301 points.
Bhutan’s stock market index ‘BSI’ hiked by 68 point and the index stood at 1,195 points throughout the whole week. Nepal’s ‘NEPSE’ lost 7 points last week, as the index stands at 1,908 points.
BSEC: Bangladesh Securities and Exchange Commission Chairman Professor Shibli Rubayat-Ul-Islam have told that the capital market is marching forwards to its desired goal.
The roadshows organized in many global nations to bring in foreign investment through this market and are getting good results. Foreign investors are inquiring about many issues. BSEC Chairman also said ‘Bangladesh is moving in the right direction. If we continue like this, we will certainly be able to achieve the goal of becoming a developed country.’ He said this while addressing the Chief Guest at the Iftar Mahfil organized by the Capital Market Journalists Forum (CMJF) on Friday (March 31).
BSEC Commissioner Professor Dr. was present as a guest at the event. Sheikh Shamsuddin Ahmed, commissioner. Mizanur Rahman, Dhaka Stock Exchange (DSE) Chairman Prof. Dr. Hafiz Muhammad Hasan Babu, Director Professor Abdullah Al Mahmud, Rubaba Daula, Shakeel Rizvi, Sharif Anwar, Former BSEC Commissioner Arif Khan, Bangladesh Merchant Bankers Association (BMBA) President Chaedur Rahman, DSE Brokers Association President Richard De Rosario, CCBL Managing Director Farhad Ahmed. , Executive Director of BSEC Mohammad Rezaul Karim, Former Director of DSE Minhaj Mannan Imon, Anwar Hossain, Acting Managing Director AKM Saifur Rahman, Acting Managing Director of CSE Ghulam Farooq, President of ERF Refayet Ullah Mridha, General Secretary Abul Kasem and others were present. President of the organization Ziaur Rahman presided over the program and General Secretary Abu Ali conducted the event.
Dhaka Stock Exchange (DSE) Chairman Prof. Dr. Hafiz Muhammad Hasan Babu said ‘we need big and institutional investors in the market, so we will try to associate or connect more institutional investors with our capital markets. We will go to many of the big investors who are still observing the market. We will try to bring them to the capital market. We will do whatever support they need to approach to the capital market.
CMJF President Ziaur Rahman demanded free access of journalists to all government institutions and establishments and the repeal of the Digital Securities Act. He said that independent and responsible journalism is essential for the sake of capital market and economic development.
