Stocks
10 firms scores for 40pc of weekly turnover: DSE
10 of the most-traded organizations nabbed 40pc of transactions on the premier bourse in the outgoing week, with Orion Pharma making its way to the top of the turnover chart for the 3rd week straight. The Dhaka Stock Exchange, DSE posted a turnover Tk 52.78 billion this week, down from Tk 73.06 billion in the previous week.
According to the DSE source, Orion Pharma developed a turnover of Tk 4.95 billion, making up 9.37pc of the week’s total turnover.
Through the week, the firm’s share price jumped 9.35pc to close at Tk 148 each on Thursday, 6 October.
Bangladesh Export Import Company (Beximco) secured the 2nd spot on the weekly turnover list, posting a turnover of Tk 3.71 billion, which is 7.02pc of the total turnover.
The company’s share price dropped 2.81pc last week to close at Tk 131.30 each on Thursday.
Eastern Housing bagged the 3rd position, with shares worth Tk 2.29 billion changing hands, accounting for 4.34pc of the total market turnover.
During the week, the company’s share price advanced 2.31pc to close at Tk 110.70 each on Thursday.
Bangladesh Building Systems notched the 4th spot, capturing 3.55pc of the weekly turnover as it featured transactions of Tk 1.87 billion.
The company’s share price bounced 8.67pc in the 4th session of last week and closed at Tk 60.50 each.
JMI Hospital Requisite Manufacturing Limited emerged as the 5th, posting a turnover of Tk 1.65 billion, which is 3.14pc of the weekly turnover.
The company’s share price dropped to Tk 130 each on Thursday.
BBS Cables saw a turnover of Tk 1.60 billion last week, grabbing 3.04pc of the weekly turnover.
The company’s share price surged 11.62pc last week and closed at Tk 60.50 each on Thursday.
Shinepukur Ceramics featured a turnover of Tk 1.36 billion, capturing 2.57pc of the weekly market turnover.
The company’s share price dropped to Tk 54.50 each on Thursday.
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.
The Bangladesh Securities and Exchange Commission (BSEC) has removed three audit firms from its panel for their failure to secure enlistment with the Financial Reporting Council (FRC), according to a notice issued today.
The firms—A Hoque & Company, FAMES & R, and SK Barua & Company Chartered Accountants—were delisted following the FRC’s request. In December last year, the FRC published a list of enlisted audit firms and subsequently, in February, requested the BSEC to remove any firms that were not included on that list.
BSEC regulations mandate that financial statements signed by auditors outside its approved panel will not be accepted. With the removal of these three firms, the total number of audit firms on the BSEC panel has been reduced from 48 to 45.
Sources from the FRC revealed that 15-20 audit firms failed to secure enlistment last year, and approximately 45 chartered accountants are currently under restrictions imposed by the Institute of Chartered Accountants.
Although the delisted firms can no longer audit issuer companies or listed securities, they are allowed to complete audit and assurance services that were initiated before their removal, the BSEC clarified.
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