Stocks
DSE Errors, confusion in determining between correct and wrong
DSE: Dhaka Stock Exchange, Millions of investors investing and trading in this market. But, from the website where investors get the information, that website published unbalanced information, investors claimed. On Wednesday (21 December) again DSE Website made errors, as a result, which information was correct and wrong is hard to determine the investors.
It has been known, DSE Websites publish different information on the same topic, total number of company involved trades, and top gainer and gainer company has published different information. What information will be given to the investors asked the DSE market stakeholders.
According to the DSE Homepage, on Wednesday 285 companies’ shares and units were traded, Among them, 203 companies’ issues were unchanged, 73 issues declined and 9 issues advanced. This information was given by the DSE on the Homepage. On the other hand, 205 companies’ issues were unchanged, 77 issues declined and 11 issues advanced.
From the information on the DSE website, their homepage and market statistics comparison, total of 8 more companies take part in trades, 5 more companies whose issues declined, 9 issues advanced were shown on DSE homepage but in Market, statistics has shown 11 issues advanced. But Atlas Bangladesh the percentage of their share price increase has not been shown in DSE Top Gainer list Profile.
Asking about this DSE, Shafiqur Rahman, Deputy General Manager and Head of Public Relations, told Orthosongbad ‘it has to be the same the market statistics and homepage information, I have no idea about two different information in the website. If this happens, we would talk to the IT department about why it happens.
This is nothing new in the DSE errors issue. Last time on October 24, 10:58 am the trade has been suspended for a while, Later at 2:10 pm to 2:30 pm the trade resumed just for 20 minutes. On that day after the trade has been done and DSE closed there is a discrepancy between the trade count and the trading platform count
On 24 October DSE website information, 334 crores 76 lakh takas were traded. But on the same day, the trading platform shows more trading.
The related sources told Orthosongbad, it shows 554 crore taka trades on the trading platform, which is more than 219 crore 29 lakh from the DSE information.
Even though on 24 October, Metro Spinning Mills traded 1 lakh 43 thousand 872 shares were traded and published on DSE website, on the other hand the trading platform shows that Metro Spinning Mills traded 2 lakh 19 thousand 355 shares.
Investors were unable to determine seeing two different information on the DSE website. But DSE informed the data was correct which was given to the website.
The information that was given in the trading platform, there was shown 554 crore taka were traded. But when the technical glitch occurred in DSE, the trading till then was little more than 200 crores. By removing the technical glitches, the market stakeholders also questioned whether it is possible to trade about 300 crores of takas in just 15 minutes from 2:10 pm to 2:25 pm.
Dhaka Stock Market DSE, Bourse on the second working day of the week, 30th September, ended with a negative performance in Indices and a hike in Turnover from the previous working session. This information is known from DSE sources.
503 crore 90 lakh taka shares were traded on this day. 22 crore 58 lakh more tradings were done in DSE today compared to the previous workday, 29th September, Shares worth Tk 481 crores 31 lakh shares were traded last time, Sunday.
The benchmark DSEX lost 33.61 points or 5,624 The Shariah-based index DSES dropped 7.36 point or 1,263 and the blue-chip index DS30 decreased by 9.57 points or 2,053.
Of the issues traded, 72 advanced, 299 declined and 25 remained unchanged.
Shahjibazar Power Company Limited ranked top gainer on DSE, the share price increased by Tk 4.00 paisa or 9.76 percent. On this day, the share was last traded at Tk 45.00 paisa.
Dhaka Electric Supply Company Limited ranked top loser on the DSE, the share price dropped by Tk 1.80 paisa or 7.56 percent. On this day, the share was last traded at Tk 22.00 paisa.
DSE topped on trade is Pragati Life Insurance Limited 25 crore 35 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 1 crore 50 lakh 42 thousand 956 shares of the companies were traded. The financial value of which is 65 crore 60 lakh taka
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.
