Stocks
“New Mandate for Block Trades in the Bourses”
The stock market regulator BSEC, Bangladesh Securities and Exchange Commission relaxes the conditions of trades in the block market. Investors can trade shares in blocks for two to three lakh takas. This information is known from BSEC sources.
Also, BSEC sources said that the rumors about the withdrawal of floor price or the imposition of a minimum limit of price reduction of more than 1 percent are not correct.
It is known that according to the rules of BSEC, in the case of trades in the block, at least five lakhs of shares have to be exchanged. However, the regulatory body has decided to relax this condition to increase trades in the block. Instead of five lakh taka, the block trades will be kept at two or three lakh taka. BSEC will issue an order in this regard soon.
In the meantime, most shares in the stock market are now stuck at the floor price set by the regulator. As the share price of these companies is stuck at the floor price, there is no trading of shares. On the other hand, shares can be traded at 10 percent less than the floor price in blocks from the main market. As most of the stocks with good fundamentals are now stuck at the floor price, relaxation of the Tk 5 lakh condition in the block may increase the volume of trades in the market.
Previous year July, mistrust in the stock market took an extreme form. The main index of Dhaka Stock Exchange fell on 14 working days out of 19 working days of July. Out of this, DSE fell for 9 consecutive working days from July 12. The prices of hundreds of companies are falling every day. On July 28, ‘DSE X’ dropped to 5,000. In such situation, the regulatory agency Bangladesh Securities and Exchange Commission issued a floor price in the stock market again on July 28 to prevent the continuous price fall. The floor price is determined as the average of the five-day closing prices of all securities.
There was some relief in the stock market after setting the lowest price for the shares. The big jump in the index was on the next working day (July 31) after the floor price was issued. Of the 382 companies that participated in the transaction, 362 shares rose. The index added 153.45 points. And the market capitalization increased by Tk 21 thousand crores in the first week of the floor price issue.
In September, the trend of index jumps continues to decline. The volume of share trades also dropped. As again, the regulator allowed the sale of shares at a price 10 percent lower than the floor price in the block on November 15. After that, the volume of trades in the block started to increase. Among them, about 52 percent of the total trades in the Dhaka Stock Exchange on December 27 were occupied by blocks which results if the trades conditions are relaxed in the block, the speed of share trades in the market may increase. Therefore, BSEC is offering block trades for two or three lakh taka.
Dhaka Stock Exchange DSE, Bourse on the last working day of the week, 16th May, ended with a drop in Indices and hike in Turnover from the previous working session. This information is known from DSE sources.
676 crore 79 lakh taka shares were traded on this day. 150 crore 46 lakh more tradings were done in DSE today compared to the previous workday, 15th May , Shares worth Tk 526 crores 33 lakh shares were traded last time, Wednesday.
The benchmark DSEX lost 9.98 points or 5,517 The Shariah-based index DSES dropped 0.80 points or 1,212, and the blue-chip index DS30 decreased by 3.79 points or 1,973.
Of the issues traded, 122 advanced, 215 declined and 57 remained unchanged.
MBL 1st Mutual Fund ranked top gainer on DSE, the share price increased by Tk 0.50 paisa or 10 percent. On this day, the share was last traded at Tk 5.50 paisa.
Sonali Paper & Board Mills Limited ranked top loser on the DSE, the share price dropped by Tk 11.80 paisa or 3.00 percent. On this day, the share was last traded at Tk 382.50 paisa.
DSE topped on trade is Asiatic Laboratories Limited 46 crore 23 lakh takas of company shares have been traded.
A total of 43 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 3 crore 22 lakh 1 thousand 792 shares of the companies were traded. The financial value of which is 49 crore 85 lakh taka
Dhaka Stock Exchange DSE, Bourse on the fourth working day of the week, 15th May, ended with a drop in Indices and Turnover from the previous working session. This information is known from DSE sources.
526 crore 33 lakh taka shares were traded on this day. 138 crore 3 lakh less tradings were done in DSE today compared to the previous workday, 14th May , Shares worth Tk 664 crores 36 lakh shares were traded last time, Tuesday.
The benchmark DSEX lost 58.22 points or 5,527 The Shariah-based index DSES dropped 12.79 points or 1,212, and the blue-chip index DS30 decreased by 14.14 points or 1,977.
Of the issues traded, 61 advanced, 301 declined and 33 remained unchanged.
Reliance One the first scheme of Reliance Insurance Mutual Fund ranked top gainer on DSE, the share price increased by Tk 1.50 paisa or 8.77 percent. On this day, the share was last traded at Tk 18.60 paisa.
Bay Leasing & Investment Limited ranked top loser on the DSE, the share price dropped by Tk 0.30 paisa or 3.00 percent. On this day, the share was last traded at Tk 9.70 paisa.
DSE topped on trade is Alif Industries Limited 19 crore 21 lakh takas of company shares have been traded.
A total of 45 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 68 lakh 31 thousand 91 shares of the companies were traded. The financial value of which is 37 crore 38 lakh taka
Dhaka Stock Exchange DSE, Bourse on the third working day of the week, 14th May, ended with a drop in Indices and Turnover from the previous working session. This information is known from DSE sources.
664 crore 36 lakh taka shares were traded on this day. 17 crore 86 lakh less tradings were done in DSE today compared to the previous workday, 9th May , Shares worth Tk 968 crores 2 lakh shares were traded last time, Monday.
The benchmark DSEX lost 81.14 points or 5,585 The Shariah-based index DSES dropped 15.76 points or 1,225, and the blue-chip index DS30 decreased by 26.04 points or 1,991.
Of the issues traded, 31 advanced, 343 declined and 25 remained unchanged.
Reliance One the first scheme of Reliance Insurance Mutual Fund ranked top gainer on DSE, the share price increased by Tk 1.50 paisa or 9.55 percent. On this day, the share was last traded at Tk 17.10 paisa.
Union Insurance Company Limited ranked top loser on the DSE, the share price dropped by Tk 4.00 paisa or 9.32 percent. On this day, the share was last traded at Tk 38.90 paisa.
DSE topped on trade is eGeneration Limited 28 crore 18 lakh takas of company shares have been traded.
A total of 45 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 74 lakh 95 thousand 900 shares of the companies were traded. The financial value of which is 34 crore 92 lakh taka
