Stocks
Bourse Ends Week with Sluggish Performance
Dhaka Stock Market DSE, Bourse on the last working day of the week, 15th August, ended with a drop in Indices and Turnover from the previous working session. This information is known from DSE sources.
999 crore 1 lakh taka shares were traded on this day. 244 crore 97 lakh less tradings were done in DSE today compared to the previous workday, 14th August Shares worth Tk 1 thousand 243 crores 98 lakh shares were traded last time, Wednesday.
The benchmark DSEX decreased 48.93 points or 5,903 The Shariah-based index DSES lost 5.62 points or 1,264 and the blue-chip index DS30 dropped by 17.69 points or 2,179.
Of the issues traded, 91 advanced, 275 declined and 32 remained unchanged.
DBH Finance PLC ranked top gainer on DSE, the share price increased by Tk 4.10 paisa or 9.86 percent. On this day, the share was last traded at Tk 45.70 paisa.
Delta Life Insurance Company Limtied ranked top loser on the DSE, the unit price dropped by Tk 5.30 paisa or 5.00 percent. On this day, the unit was last traded at Tk 100.70 paisa.
DSE topped on trade is Grameenphone Limited 85 crore 52 lakh takas of company shares have been traded.
A total of 31 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 65 lakh 95 thousand 963 shares of the companies were traded. The financial value of which is 33 crore 19 lakh taka.
1 Mutual Fund, Asian Tiger Sandhani Life Growth Fund from Dhaka Stock Exchange (DSE) have disclosed their Dividends for the year ended June 30, 2024. This source is known from the DSE official website. The Fund has recommended Null Dividend for the year ending June 30, 2024.
It has reported EPU loss of Tk 1.95 paisa, and NAV per unit at a market price of Tk. 8.31, NAV per unit at cost price of Tk. 11.25 for the year ended June 30, 2024. Record date: 08.10.2024
Dhaka Stock Market DSE, Bourse on the second working day of the week, 17th September, ended with a negative performance in Indices and Turnover from the previous working session. This information is known from DSE sources.
634 crore 96 lakh taka shares were traded on this day. 33 crore 99 lakh less tradings were done in DSE today compared to the previous workday, 15th September, Shares worth Tk 668 crores 95 lakh shares were traded last time, Sunday.
The benchmark DSEX lost 30.17 points or 5,681 The Shariah-based index DSES dropped 8.49 point or 1,238 and the blue-chip index DS30 decreased by 16.91 points or 2,068.
Of the issues traded, 156 advanced, 182 declined and 63 remained unchanged.
BD Thai ALuminium Limited ranked top gainer on DSE, the share price increased by Tk 1.40 paisa or 10.00 percent. On this day, the share was last traded at Tk 15.40 paisa.
national tea Comapany Limited ranked top loser on the DSE, the share price dropped by Tk 38.80 paisa or 9.83 percent. On this day, the share was last traded at Tk 405.50 paisa.
DSE topped on trade is Sonali Aansh Indutries Limited 21 crore 86 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 45 lakh 95 thousand 906 shares of the companies were traded. The financial value of which is 19 crore 8 lakh taka.
SM Shamsul Alam, the sponsor-director and chairman of Walton Hi-Tech Industries PLC, has decided to transfer over 3.64 crore shares of the company to his wife and daughters. According to Walton’s shareholding report for August, Alam currently holds 6 crore shares, representing 19.81% of the total ownership in the tech giant.
As part of the transfer, his daughter, Sabiha Jarin Orona, will receive 1.81 crore shares, while his wife, Shahinur Akter Jolly, will be allocated 90.81 lakh shares. Both are general shareholders of Walton Hi-Tech Industries. Additionally, his other daughter, Tahmina Afrose Tanna, who serves as a shareholder-director on Walton’s board, will receive 91.75 lakh shares.
The transfer will be made as a gift, taking place outside the stock exchange’s trading system, within 30 working days starting from 11 September 2024, according to the disclosures published by the Dhaka Stock Exchange (DSE).
Currently, Walton’s sponsor-directors hold a dominant stake of 98.51%, equivalent to 30.29 crore shares. The remaining 1.49% is owned by general shareholders, which includes institutions holding 0.66%, foreign investors with 0.10%, and the public owning 0.73%.
Walton entered the public market in 2020 by offering only 1% of its shares. In an effort to prevent market manipulation, the Bangladesh Securities and Exchange Commission (BSEC) mandated Walton in 2021 to increase the number of free-floating shares to at least 10%, alongside other companies such as the Investment Corporation of Bangladesh (ICB) and Berger Paints.
As of 30 June 2024, Walton’s report shows that sponsors and directors sold 15.85 lakh shares to general and institutional investors. In the fiscal year 2023-24, Walton recorded a profit of Tk1,356 crore, reflecting a Tk573.85 crore rise compared to the previous year. The board approved a 200% cash dividend for sponsor-directors and a 350% dividend for general shareholders.
