Stocks
4 DSE officials suspended over wrong data infos.
DSE: Dhaka Stock Exchange has ousted out 4 officials of its market operations department due to their alleged involvement in misleading stock investors by publishing wrong corporate earnings information on the DSE website.
The decision came at a time when listed companies were publishing their October-December quarter’s financial reports to let investors know their stock updates.
The officials whom the capital bourse dismissed also include Mohammad Roni Islam, who was serving the bourse as head of market operations.
The 3 remaining suspended officials were Kamruzzaman, Humayun Kabir, and Rakibur Rahman— all from the same department.
M Shafiqur Rahman, deputy general manager of the Dhaka Stock Exchange (DSE), affirmed the matter.
Several other DSE sources having knowledge of the matter said the punished officials had been collaborating with market manipulators, and as part of that move, they had distorted price-sensitive information of few companies.
Sensing the manipulation, the authorities of the prime bourse hurriedly corrected the corrected information which was distorted previously.
As per securities rules, all listed companies must publish their quarterly as well as annual financial reports through stock exchanges to let investors know about their business performance.
Eastern Cables Ltd and Beach Hatchery Limited were among the few companies of which price-sensitive information had been distorted, according to DSE sources.
Dhaka Stock Exchange DSE, Bourse on the last working day of the week, April 25th, ended with a massive drop in Indices and Turnover from the previous working session. This information is known from DSE sources.
511 crore 43 lakh taka shares were traded on this day. 91 crore 31 lakh less tradings were done in DSE today compared to the previous workday, 23rd April , Shares worth Tk 602 crores 74 lakh shares were traded last time, Wednesday.
The benchmark DSEX lost 60.48 points or 5,518 The Shariah-based index DSES dropped 12.29 points or 1,217, and the blue-chip index DS30 decreased by 10.17 points or 1,974.
Of the issues traded, 69 advanced, 300 declined and 27 remained unchanged.
ADN Telecom Limited ranked top gainer on DSE, the share price increased by Tk 9.60 paisa or 8.66 percent. On this day, the share was last traded at Tk 120.50 paisa.
Bata Shoe Company Bangladesh Limited ranked top loser on the DSE, the share price dropped by Tk 36.9 paisa or 3.77 percent. On this day, the share was last traded at Tk 941.00 paisa.
DSE topped on trade is Orion Infusion Limited 31 crore 69 lakh takas of company shares have been traded.
A total of 35 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 26 lakh 36 thousand 734 shares of the companies were traded. The financial value of which is 16 crore 61 lakh taka
One of the Listed companies, Bangladesh National Insurance Company Limited has recommended 20% Cash Dividend for the year ended December 31, 2023.
In terms of financial performance, The Company has also reported EPS of Tk. 4.04 for the year ended December 31, 2023. The Company has also reported NAV per share of Tk 26.28 paisa for the year ended December 31, 2023.
The Annual General Meeting (AGM) of the company will be held on June 25, through the digital platform. The record date for this has been fixed at May 27.
One of the Listed companies, Bata Shoe Limited has recommended 105% Final Cash Dividend (Total 435% Cash Dividend for the year ended December 31, 2023 inclusive of 330% Interim Cash Dividend, which has already been paid) for the year ended December 31, 2023
In terms of financial performance, The Company has also reported EPS of Tk. 29.31 for the year ended December 31, 2023. The Company has also reported NAV per share of Tk 237.93 paisa for the year ended December 31, 2023.
The Annual General Meeting (AGM) of the company will be held on July 16, through the digital platform. The record date for this has been fixed at May 16.
