Stocks
Top Ten Firms Transact over Tk 1K crore Shares on DSE over the past week
During the outgoing week, a significant amount of share and unit transfers took place at the Dhaka Stock Exchange (DSE), amounting to a perplexing 3,679 crore 68 lakh 24 thousand takas.
Among these transactions, the top ten companies accounted for 1 thousand 32 crores 92 lakh 24 thousand takas of share transfers. This information has been reported by DSE sources.
According to sources, the highest share transfers last week occurred at Bangladesh Shipping Corporation (BSC) on the DSE. Within a week, the company witnessed a burst of 178 crore 59 lakh 25 thousand takas in share transfers.
In the second position of the most active shares, Gemini Sea Food saw a surge of 129 crore 50 thousand takas in share transfers. Following closely behind, Intraco Refueling Station experienced a burst of 126 crore 29 lakh 84 thousand takas in share transfers.
Shares worth 118 crore 4 lakh 83 thousand takas were traded at Sea Pearl Beach Resort. Rupali Life Insurance also saw significant activity with shares worth 114 crore 77 lakh 45 thousand takas being traded.
In addition to these companies, Eastern Housing witnessed a burst of 78 crore 95 lakh 34 thousand takas, Paper Processing experienced a perplexing 77 crore 25 lakh 91 thousand takas in share transfers, Agni Systems encountered a surprising surge of 72 crore 11 lakh 88 thousand takas, aamra networks observed a burst of 69 crore 5 lakh 16 thousand takas, and Unique Hotel witnessed a significant transfer of shares amounting to 68 crore 82 lakh 8 thousand takas.
Dhaka Stock Exchange (DSE) Chairman, Dr. Hafiz Muhammad Hasan Babu, announced his intention to attract Japanese investments to the stock market in the near future.
He made these remarks during a budget-related press conference held at a hotel in the capital city on Tuesday (June 6). Dr. Hasan emphasized the importance of actions rather than mere words, expressing his desire to demonstrate progress through tangible outcomes. He shared his numerous aspirations for the DSE and emphasized the need for collaboration to realize people’s dreams. This collaboration would require not only the government’s support but also the assistance of journalists.
Furthermore, Dr. Hasan mentioned the need to provide uninterrupted income from bonds, as the bond market is currently facing obstacles, partly due to taxes. He expressed the desire for a comprehensive evaluation of taxes as a final measure to ensure stability. Dr. Hasan also highlighted the importance of reducing the corporate tax rate for listed and non-listed companies by 10% compared to the dividend tax rate. Additionally, he proposed reducing the VAT rate from 15% to 10%.
Dr. Hasan reassured that despite any disappointment surrounding the budget, there is a strong willingness to take proactive steps in the stock market. These steps aim to restore people’s confidence in the market. The press conference was attended by Rubaba Dowla, the Independent Director of Dhaka Stock Exchange, and Professor Abdullah Al Mamun, among other officials from DSE.
Dhaka Stock Exchange DSE, Bourses on the third working day of the week, June 6, ended with price index & turnover drops.
This information is known from DSE sources.
1 thousand 86 crores 88 lakh shares were traded on this day. 169 crore 80 lakhs less trading was done in DSE today compared to the previous workday, 4 June, Shares worth Tk 1 thousand 256 crore 68 lakh shares were traded last time, Monday.
The benchmark index DSEX dropped 40.10 points or 6,316. The Shariah-based index DSES lost 10.00 points or 1,372, and the blue-chip index DS30 dropped 9.47 points or 2,188.
Of the issues traded, 25 advanced, 157 declined, and 182 remained unchanged.
Trust Islami Life Insurance Limited ranked top gainer on DSE, the share price increased by Tk 5.40 paisa or 9.96 percent. On this day, the share was last traded at Tk 59.60 paisa
Mir Akhter Hossain Ltd ranked top loser on the DSE, the share price dropped by Tk 6.00 paisa or 10.00 percent. On this day, the share was last traded at Tk 54.00 paisa.
DSE topped on trade is Associated Oxygen Ltd 52 crore 94 lakh takas of shares of the company have been traded.
A total of 378 companies shares were traded in the Block on Dhaka Stock Exchange, 1 crore 17 lakh 23 thousand 483 shares of the companies were traded. The financial value of which is 63 crore 59 lakh taka.
/NR
One of the listed companies, Sonali Aansh Industries Limited, discloses its financial reports for the third quarter, (January – March 23). This source is known from DSE.
The company’s earnings per share (EPS) of Tk 0.30 paisa in Q3 of the current financial year. EPS was of Tk 1.78 paisa during the same period last year. EPS was Tk. 1.32 for July 2022-March 2023 as against Tk. 3.05 for July 2021-March 2022.
NAV per share was Tk. 1145.61 as on March 31, 2023.
