Stocks
Trades Controversial in Bourses, Difference in Data
Bourses, Dhaka Stock Exchange, today noticed irregularities in the trades. There is a big difference between the trading platform and the information provided on the website of the bourse, and that brings new controversy about the trades in DSE. This information is known from their related sources.
According to their sources, trading in Dhaka Stock Exchange (DSE) was stopped at 10:58 am on Monday, October 24, due to a technical error. Lately, DSE resumed trading for only 20 minutes from 2:10 PM to 2:30 PM. After the trade, Dhaka Stock Exchange has given the wrong data about the transaction on its website.
Sources told Orthosongbad, that the wrong data was found on the website of the Dhaka Stock Exchange on Monday. According to the data given on the website of DSE, 334 crores 76 lakh takas have been tarded today. They say that there is no match between the trading platform and the information given on DSE’s website.
The investigation showed that the amount of trading on the website of Dhaka Stock Exchange is Tk 334 crore 76 lakh, but the amount of transactions on the trading platform is more.
Related sources told Orthosongbad that the trading platform of DSE today showed the amount of Tk 554 crores. Which is Tk 219 crore 29 lakh more than the data given on their website.
Also, a total of 1 lakh 43 thousand 872 shares of Metro Spinning Mills has been traded, it has been published on the Dhaka Stock Exchange website. On the other hand, the number of Metro Spinning shares traded on the trading platform is 2 lakh 19 thousand 355. Investors question which information is correct. Hence, the share price of the company is shown at 44 taka 80 paisa on both platforms.
Investors are conflicted because of the two types of information on the two platforms. They say the trading platform and DSE’s websites provide different information that causes the conflicts.
As usual, the trading data are updated on the Dhaka Stock Exchange website based on the trading platform information. Hence, there is a big difference in the data of the trading platform and the information of the DSE, the market stakeholders consider Monday’s trading questionable.
The information given on the trading platform shows a transaction of Tk 554 crore. But when the technical glitch occurred in DSE, the transaction till then was slightly more than 200 crores. And after fixing the technical error, it is possible to transact about 300 crore takas in just 15 minutes from 2:10 pm to 2:25 pm, the question remains in the minds of those who were concerned.
When asked to know about the issues, Dhaka Stock Exchange Public Relations Department Officer Deputy General Manager Shafiqur Rahman told Orthosongbad that Tk 334 crore 76 lakh was traded in DSE today. The information provided on the website is correct.
In response to the question of why the transaction amount of Tk 554 crore is being shown on the trading platform, the official of DSE said that he does not know about the transaction of the trading platform, he has to find it out.
∼NR
Dhaka Stock Exchange DSE, Bourses on the first working day of the week, March 27, ended with price index drops & turnover hikes.
This information is known from DSE sources.
317 crores 60 lakh shares were traded in DSE on this day. 30 crores 62 lakhs more trading was done in DSE today compared to the previous workday, 23 March, Shares worth Tk 286 crores 97 lakh shares were traded in DSE last time, Thursday.
The benchmark index DSEX dropped 11.38 points or 6,203. The Shariah-based index DSES shed 3.56 points or 1,349, and the blue-chip index DS30 lost 2.60 points or 2,215.
Of the issues traded, 28 advanced, 72 declined, and 183 remained unchanged.
Legacy Footwear Limited ranked top gainer on DSE, the share price increased by Tk 5.6 paisa or 9.96 percent. On this day, the share was last traded at Tk 61.80 paisa.
On the other hand, Islamui Commercial Insurance Company Ltd ranked top loser on the DSE, the share price dropped by Tk 1.3 paisa or 4.71 percent. On this day, the share was last traded at Tk 26.30 paisa.
DSE topped on trade Unique Hotel & Resorts PLC 41 crores 52 lakh 86 thousand takas of shares of the company have been traded.
A total of 52 companies’ shares were traded in the Block on Dhaka Stock Exchange, 25 lakh 74 thousand 877 shares of the companies were traded. The financial value of which is 18 crore 76 lakh taka.
One of the listed companies, Salvo Chemical Industry 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 Tk 0.37 paisa in Q2 of the current financial year. EPS was Tk 0.80 paisa during the same period last year. As of December 31, 2022, net asset value (NAVPS) was loss of Tk 15.42 paisa.
The company reported EPS has been decreased due to increase in costs because of high raw material price in local and import prices, currency devaluation and increase in energy price which adversely affected overall profitability of the Company.
/NR
One of the Listed Companies, Prime Islami Life Insurance Limited has recommended 2 percent cash Dividend to its investors for the Financial Year ending December 31, 2022.
This source is known from DSE.
The Annual General Meeting (AGM) of the company will be held on May 29 through the digital platform. The record date for this has been fixed at April 17.
/NR
