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DSE-SME platform is ahead of the stock market in dividends

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215 DSE-listed companies have declared cash dividend for the fiscal year ended (June 30, 2022). Out of this, 204 shares of the company are traded in DSE. The remaining 11 companies are listed on the SME Market (Small & Medium Enterprises). According to the companies, 56 percent of the companies in the market will pay more than 10 percent dividends to investors in the fiscal year ended. On the other hand, 81 percent of companies in the SME market are paying more than 10 percent dividends to investors.

11 companies listed on the SME market have declared cash dividends of around Tk 30 crore for the financial year ended (June 30, 2022). Among the companies, 9 companies will give 10 percent or more dividends. Out of this, the highest dividend will be given by the Krishibid seed. And Nialco Alloys declared the lowest dividend. This information is known from related sources.

It is reported that among the listed companies in the SME market, Krishibid Seed, which has declared the highest cash dividend, will pay 15 percent cash dividend to investors. The amount of this dividend is Tk 4.5 crore.

Star Adhesivse is second in cash dividend payout in the SME market. The company will pay 12.5 percent dividend to investors for 2022. The amount of this dividend is Tk 2.5 crore.

Oryza Agro Industries Limited has declared 11 percent cash dividend to common investors for the fiscal year ended. The general investors of the company will get a total dividend of 3 crore 76 lakh takas.

Also, 6 companies of SME platform have declared 10 percent cash dividend to common investors. Out of this, BD Paints 4 crore 24 lakh, Achia Sea Food 2 crore 59 lakh, Mamun Agro 3 crore 50 lakh, Master Feed Agrotech 4 crore 10 lakh, Himadri Limited 8 lakh and Yousuf Flour Mills 6 lakh taka.

Among the companies that declared dividend, 6 companies declared dividend only to general investors. The founders and directors of these companies will not receive dividends. The companies are – BD Paints Limited, Mamun Agro Products, Mustafa Metal Industries, Achia Sea Food, Oryza Agro Industries & Master Feed Agrotech Limited.

Al Amin, a DSE market analyst and Associate Professor of Accounting and Information Systems Department of Dhaka University, imagined that SME companies should be given a chance if they want to do well in the market. He told Orthosongbad that SME platform companies have given better dividends compared to the DSE market. Giving a chance to small-cap companies that are making good profits will be good for the DSE market. Because there are many companies in our core market that are paying nominal dividends.

Regarding investment in SMEs, he said, the investment decision is up to the investors themselves. If the share price of SME companies is in line with the market, then price increase is not a headache. And if share price is increased by manipulation, then BSEC takes action.

Incidentally, on September 16 last year (2021), the OTC market of two stock exchanges (DSE and CSE) was canceled by the capital market regulatory body Bangladesh Securities and Exchange Commission. On that day, the commission decided to delist 29 companies and transfer 41 companies to SME and ATB (Alternative Trading Board). Later, on September 30 of the same year, trading started on the SME platform of the Dhaka Stock Exchange. On that day, trades were initially launched on DSE’s SME platform with six companies. Presently there are 15 companies listed in the DSE-SME Platform.

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Index Values Experience Rollercoaster Ride Amidst Dull Turnover

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turnover dse index bourse stock indices

Dhaka Stock Exchange DSE, Bourse on the last working day of the week, March 28th, ended with a hike in Indices and drops in Turnover from the previous working session. This information is known from DSE sources.

411 crore 8 lakh taka shares were traded on this day. 127 crore 71 lahks taka less tradings were done in DSE today compared to the previous workday, 27th March, Shares worth Tk 538 crores 79 lakh shares were traded last time, Wednesday.

The benchmark DSEX added 15.64 points or 5,778 The Shariah-based index DSES gained 2.19 points or 1,254, and the blue-chip index DS30 decreased by 0.98 points or 2,011.

Of the issues traded, 221 advanced, 120 declined and 54 remained unchanged.

IPDC Finance Limited ranked top gainer on DSE, the share price increased by Tk 2.30 paisa or 9.79 percent. On this day, the share was last traded at Tk 25.80 paisa.

Mercantile Islami Insurance PLC ranked top loser on the DSE, the share price dropped by Tk 1.30 paisa or 3.90 percent. On this day, the share was last traded at Tk 31.70 paisa.

DSE topped on trade is Central Pharmaceuticals Limited 24 crore 48 lakh takas of company shares have been traded.

A total of 36 companies’ shares were traded in the Block on the Dhaka Stock Exchange, 37lakh 44 thousand 909 shares of the companies were traded. The financial value of which is 20 crore 48 lakh taka.

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Asian Markets Navigate Uncertainty Over Fed Rate Cuts

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Asian Markets

Asian investors proceeded cautiously on Thursday following remarks from a Federal Reserve official suggesting a potential delay or reduction in interest rate cuts. Meanwhile, the yen maintained its gains after briefly reaching a 34-year low the previous day.

As a recent market rally begins to lose steam, traders are reassessing the US monetary policy outlook. Above-forecast inflation and economic data have led some to question whether the central bank can adhere to its projection of three rate cuts this year.

Confidence has been further shaken by recent comments from Fed officials. Atlanta president Raphael Bostic reiterated his stance of expecting only one rate cut this year, warning against hasty actions that could disrupt the market. Governor Lisa Cook also urged caution among decision-makers.

The latest remarks came from Fed governor Christopher Waller, who suggested a reduction in the number of rate cuts or delaying them in response to recent data. Waller noted progress in reducing inflation but expressed concern over slowed or stalled progress in recent months.

His comments preceded the release of the personal consumption expenditures (PCE) index, expected to show a slight increase, on Friday. Despite concerns, all three main indexes on Wall Street saw gains, with the S&P 500 reaching another record high.

In Asia, markets were mixed, with Hong Kong, Shanghai, Sydney, and Wellington posting gains while Singapore, Seoul, Taipei, and Jakarta declined. Tokyo saw a decline of over one percent as the yen stabilized after hitting its weakest level since 1990 against the dollar.

A Bank of Japan official’s comments warning of continued accommodative monetary policy contributed to the yen’s slide. Speculation has arisen regarding potential intervention to support the currency, with Vice Finance Minister Masato Kanda expressing readiness to take necessary measures.

Market analysts anticipate heightened anticipation for Bank of Japan intervention, particularly in light of recent yen fluctuations. Concerns persist over potential market disruptions in the absence of intervention before the weekend.

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Asian Tiger Growth Fund releases Q2 Financials

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Asian Tiger Growth Fund

One of the listed funds, Asian Tiger Sandhani Life Growth Fund discloses its financial reports for the second quarter, (October– December 23).

The company’s earnings per unit (EPU) loss Tk 0.01 paisa in Q2 of the current financial year (October – December 23). EPU was loss Tk 0.17 paisa during the same period last year. NAV per unit at market price was Tk. 10.20 as on December 31, 2023 and cost price was Tk. 11.07 as on December 31, 2023.

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