Stocks
Orion Infusion retained weekly top loser on DSE
Orion Infusion Limited has ranked at the top of weekly losers in the bourse, Dhaka Stock Exchange, DSE.
This information is known from the DSE sources.
In the previous working week, (November 27 – December 1) the share traded a total of Tk 17 crore 87 lakh 94 thousand, which is an average of 3 crore 57 lakh 58 thousand 800 per day. The share has dropped 20.37pc lowest in the last week.
2nd on the list is Padma Islami Life Insurance Limited, whose shares traded a total of Tk 41 crore 23 lakh 26 thousand, which is an average of 8 crore 24 lakh 65 thousand 200 taka per day. The share has dropped 10.43pc lowest in the last week.
3rd on the list is Bashundhara Paper Mills Limited, the share traded a total of Tk 110 crore 58 lakh 33 thousand, which is an average of 22 crore 11 lakh 66 thousand 600 per day. The share has dropped 8.88pc lowest in the last week.
Among other companies in the list of top losers whose share has dropped lowest are – Progressive Life Insurance Co. at 8.43 percent, Genex Infosys at 6.84 percent, Summit Alliance Port at 6.76 percent, Bangladesh Welding Electrodes at 6.29 percent, Hwa Well Textiles (Bangladesh) at 5.26 percent, Republic Insurance Company at 4.95 percent & Prime Islami Life Insurance at 4.59 percent.
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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.
