Stocks
BMBA: If taxation difference increase, good firms likely to come to capital market
BMBA: Bangladesh Merchant Bankers Association President Shahedur Rahman said that good firms will likely come to the stock market if the tax rate of the listed and non-list companies increases.
He briefed this at an exchange meeting on Tuesday (December 13) in the Dhaka city hotel. The BMBA and the Capital Market Journalist Forum (CMJF) jointly organized the meeting.
“We have policy problems in our capital market,” said the BMBA President. The amount of tax rates of listed and non-list companies is much lower. There are many reasons for not listed in a company. A company is listed a lot when enrolling, there is no such thing as important to them. If this difference increases, good companies will be interested in investing in the market.
He said investors were investing as seeing among which company had given good dividends before. Now it doesn’t. This kind of attitude will not be possible to mobilize the market.
President Shahedur Rahman said journalists played a role in policy-making in the stock market. “We have proposed to solve the problem of the market,” he said. You (journalists) wrote. Later the government solved the problem.
Regarding the rumors in the market, he said, there are many propaganda in our market. As the Prime Minister has said that investors have assumed that the famine of 2021 has begun. He said that there are rice, pulses in the village, there is no opportunity for famine in Bangladesh.
Former CMJF President Touhidul Islam Mintu said the capital market was artificially collapsed due to margin loan and force cell. Investors are getting helpless due to margin loans. We have to get out of this system.
Members of the BMBA and the Capital Market Journalist Forum were present on the occasion chaired by CMJF President Ziaur Rahman and general secretary Abu Ali.
Dhaka Stock Exchange DSE, Bourse on the last working day of the week, April 18th, ended with a drop in Indices and hike in Turnover from the previous working session. This information is known from DSE sources.
522 crore 51 lakh taka shares were traded on this day. 39 crore 97 lakh more tradings were done in DSE today compared to the previous workday, 17th April , Shares worth Tk 482 crores 53 lakh shares were traded last time, Wednesday.
The benchmark DSEX lost 77.08 points or 5,686 The Shariah-based index DSES dropped 15.85 points or 1,246, and the blue-chip index DS30 decreased by 22.77 points or 1,984.
Of the issues traded, 29 advanced, 342 declined and 24 remained unchanged.
Asiatic laboratories Limited ranked top gainer on DSE, the share price increased by Tk 4.60 paisa or 9.96 percent. On this day, the share was last traded at Tk 50.80 paisa.
Far East Finance & Investment Limited ranked top loser on the DSE, the share price dropped by Tk 0.30 paisa or 6.97 percent. On this day, the share was last traded at Tk 4.00 paisa.
DSE topped on trade is Asiatic Laboratories Limited 39 crore 22 lakh takas of company shares have been traded.
A total of 40 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 47 lakh 25 thousand 651 shares of the companies were traded. The financial value of which is 17 crore 46 lakh taka
One of the listed companies, Agni Systems limited discloses its financial reports for the third quarter, (January – March 24).
The company’s earnings per share (EPS) was Tk 0.32 paisa in Q3 of the current financial year (January – March 24). EPS was Tk 0.27 paisa during the same period last year. NAV per share was Tk. 16.37 as of March 31, 2024.
One of the Listed companies, Dutch Bangla Bank PLC has recommended 17.5% Cash Dividends & 17.5% Stock Dividends for the year ended December 31, 2023.
In terms of financial performance, The Company has further informed Consolidated EPS of Tk. 10.72 for the year ended December 31, 2023. The Company has also reported Consolidated NAV per share of Tk. 64.41 for the year ended December 31, 2023.
The Annual General Meeting (AGM) of the company will be taking place on June 09, through the digital platform. The record date for this has been fixed at May 9.
