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169 companies once again listed on floor price: BSEC

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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and Exchange Commission has re-joined the minimum price of shares of 169 companies whose floor prices have been withdrawn.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It is said in the order that the floor price order of 169 companies was revoked last December 21.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.

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Heidelberg Cement Discloses their Q3 Financials

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Heidelberg Cement

One of the listed companies,Heidelberg Cement Bangladesh Limited discloses its financial reports for the first quarter, (January – March 24).

The company’s earnings per share (EPS) was Tk 6.96 paisa in Q1 of the current financial year (January – March 24). EPS was Tk 6.85 paisa during the same period last year. NAV per share was Tk. 74.16 as of March 31, 2024.

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Matin Spinning Reports Impressive EPS Growth in Q3

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Matin Spinning

One of the listed companies, Matin Spinning Mills PLC discloses its financial reports for the third quarter, (January – March 24).

The company’s earnings per share (EPS) was Tk 0.98 paisa in Q3 of the current financial year (January – March 24). EPS was Tk 0.11 paisa during the same period last year. NAV per share  (with revaluation reserves) was Tk. 57.19 as on March 31, 2024.

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EPS hikes for Prime Bank in Q1

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Prime Bank

One of the listed companies, Prime Bank PLC discloses its financial reports for the first quarter, (January – March 24).

The company’s Consolidated earnings per share (EPS) was Tk 1.16 paisa in Q1 of the current financial year (January – March 24). Consolidated EPS was Tk 0.92 paisa during the same period last year. Consolidated NAV per share was Tk. 31.93 as of March 31, 2024.

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