Stocks
BSEC issues new rules for margin lending
The Bangladesh Securities and Exchange Commission (BSEC) has announced further relaxation of margin loan regulations to provide a boost to the country’s stock market.
As per the latest guidelines, listed firms that have maintained an “A” category status for three consecutive years and have a paid-up capital of Tk30 crore will now be able to see their stocks marginable up to a price earnings (PE) ratio of 50.
The BSEC had earlier relaxed margin loan regulations on 18 April to help lift the depressed stock market. Typically, stocks are marginable as long as their PE ratio is below 40, they are not in the Z category, they did not debut in the last 30 working days, and they have not moved up from Z category in the last seven working days.
The initial relaxation of margin rules two weeks ago had been applied to stable stocks that had remained in the “A” category for three consecutive years and had a capital size of Tk50 crore. This decision had helped the depressed stock market experience nine consecutive winning sessions till the end of April. However, some selloffs were experienced in May amid profit booking pressure.
Companies categorized as “A” typically pay at least 10% dividends and are regular in operations while holding annual general meetings. To further support the market, the BSEC has reduced the paid-up capital threshold.
The Dhaka Stock Exchange’s broad-based index, DSEX, closed 0.03% lower at 6,269 on Wednesday, after losing the early hour’s momentum.
Dhaka Stock Market DSE, Bourse on the last working day of the week, 25th July, ended with a hike in Indices and Turnover from the previous working session. This information is known from DSE sources.
497 crore 34 lakh taka shares were traded on this day. 337 crore 97 lakh more tradings were done in DSE today compared to the previous workday, July 24th, Shares worth Tk 159 crores 37 lakh shares were traded last time, Wednesday.
The benchmark DSEX increased 62.81 points or 5,413 The Shariah-based index DSES added 13.81 points or 1,183 and the blue-chip index DS30 gained by 24.25 points or 1,932.
Of the issues traded, 286 advanced, 66 declined and 40 remained unchanged.
Techno Drugs Limited ranked top gainer on DSE, the share price increased by Tk 3.80 paisa or 9.87 percent. On this day, the share was last traded at Tk 42.30 paisa.
Rangpur Foundry Limited ranked top loser on the DSE, the share price dropped by Tk 5.40 paisa or 2.98 percent. On this day, the share was last traded at Tk 175.70 paisa.
DSE topped on trade is Square Pharmaceuticals PLC 35 crore 9 lakh takas of company shares have been traded.
A total of 28 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 82 lakh 94 thousand 29 shares of the companies were traded. The financial value of which is 21 crore 92 lakh taka
One of the listed companies, Eastland Insurance Company Limited discloses its financial reports for the second quarter, (April – June 24).
The company’s earnings per share (EPS) Tk 0.27 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.41 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. NAV per share was Tk. 20.85 as of June 30, 2024.
One of the listed companies, Shahjalal Islami Bank PLC discloses its financial reports for the second quarter, (April – June 24).
The company’s Consolidated earnings per share (EPS) Tk 1.50 paisa in Q2 of the current financial year (April – June 24). Consolidated EPS was Tk. 1.50 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. Consolidated NAV per share was Tk. 20.85 as of June 30, 2024.
