Stocks
169 companies once again listed on floor price: BSEC
BSEC: Bangladesh Securities and Exchange Commission has re-joined the minimum price of shares of 169 companies whose floor prices have been withdrawn.
On Wednesday (March 1), BSEC Chairman Professor Shibli Rubayat-Ul-Islam penned the order in this regard.
It is said in the order that the floor price order of 169 companies was revoked last December 21.
According to BSEC’s latest decision, the new floor price of the companies will be the average of the closing prices from February 26 to March 1. From March 2nd the prices of securities above this can rise at a normal rate. Hence, the share price of these companies cannot fall below the floor price.
According to the new order of the regulatory body, the other conditions of the order imposed on July 28 last year for the share price of the companies shall remain in force.
Prior, BSEC had canceled the floor prices of 169 companies on December 21 last year. However, it was stated as a condition for the reduction of the share price that the maximum share price can decrease by 1 percent in a day. Despite the order of BSEC, market conditions are not good and share prices of companies are falling, causing instability in the capital market. In such a condition, the regulatory body has determined the floor price of 169 companies once again.
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.
