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.
DSE Aims to Attract Japanese Investments in the Stock Market Soon
Dhaka Stock Exchange (DSE) Chairman, Dr. Hafiz Muhammad Hasan Babu, announced his intention to attract Japanese investments to the stock market in the near future.
He made these remarks during a budget-related press conference held at a hotel in the capital city on Tuesday (June 6). Dr. Hasan emphasized the importance of actions rather than mere words, expressing his desire to demonstrate progress through tangible outcomes. He shared his numerous aspirations for the DSE and emphasized the need for collaboration to realize people’s dreams. This collaboration would require not only the government’s support but also the assistance of journalists.
Furthermore, Dr. Hasan mentioned the need to provide uninterrupted income from bonds, as the bond market is currently facing obstacles, partly due to taxes. He expressed the desire for a comprehensive evaluation of taxes as a final measure to ensure stability. Dr. Hasan also highlighted the importance of reducing the corporate tax rate for listed and non-listed companies by 10% compared to the dividend tax rate. Additionally, he proposed reducing the VAT rate from 15% to 10%.
Dr. Hasan reassured that despite any disappointment surrounding the budget, there is a strong willingness to take proactive steps in the stock market. These steps aim to restore people’s confidence in the market. The press conference was attended by Rubaba Dowla, the Independent Director of Dhaka Stock Exchange, and Professor Abdullah Al Mamun, among other officials from DSE.
Index Collapse on Bourse, Turnover Hits Tk 1000cr
Dhaka Stock Exchange DSE, Bourses on the third working day of the week, June 6, ended with price index & turnover drops.
This information is known from DSE sources.
1 thousand 86 crores 88 lakh shares were traded on this day. 169 crore 80 lakhs less trading was done in DSE today compared to the previous workday, 4 June, Shares worth Tk 1 thousand 256 crore 68 lakh shares were traded last time, Monday.
The benchmark index DSEX dropped 40.10 points or 6,316. The Shariah-based index DSES lost 10.00 points or 1,372, and the blue-chip index DS30 dropped 9.47 points or 2,188.
Of the issues traded, 25 advanced, 157 declined, and 182 remained unchanged.
Trust Islami Life Insurance Limited ranked top gainer on DSE, the share price increased by Tk 5.40 paisa or 9.96 percent. On this day, the share was last traded at Tk 59.60 paisa
Mir Akhter Hossain Ltd ranked top loser on the DSE, the share price dropped by Tk 6.00 paisa or 10.00 percent. On this day, the share was last traded at Tk 54.00 paisa.
DSE topped on trade is Associated Oxygen Ltd 52 crore 94 lakh takas of shares of the company have been traded.
A total of 378 companies shares were traded in the Block on Dhaka Stock Exchange, 1 crore 17 lakh 23 thousand 483 shares of the companies were traded. The financial value of which is 63 crore 59 lakh taka.
Sonali Aansh EPS drops on Q3 Financials
One of the listed companies, Sonali Aansh Industries Limited, discloses its financial reports for the third quarter, (January – March 23). This source is known from DSE.
The company’s earnings per share (EPS) of Tk 0.30 paisa in Q3 of the current financial year. EPS was of Tk 1.78 paisa during the same period last year. EPS was Tk. 1.32 for July 2022-March 2023 as against Tk. 3.05 for July 2021-March 2022.
NAV per share was Tk. 1145.61 as on March 31, 2023.
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