Stocks
“Investors who bring the floor price should raise it by themselves”
Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubayat-Ul-Islam stated that every decision in the stock market tends to provoke either anger or joy among individuals. In such cases, we tend to favor what the majority desires or what will be beneficial. We do not want floor prices, but those who bring up this issue here (investors) will have to raise the floor price themselves. We will not increase the floor price.
On Tuesday (23 May), during the inauguration ceremony of the new brokerage house of Gibson Securities Limited at Dhaka Stock Exchange (DSE), the principal guest expressed these views.
The BSEC Chairman mentioned that the newly approved brokerage houses are improving the stock market. Our decision to grant licenses to new brokerage houses was accurate.
Regarding the investors’ intentions,he said there will be no repetition of 1996 or 2010 in the stock market. If anyone manipulates after the increase in floor price, we will revert back to the floor price. You all are engaged in business. We hope that soon all companies will rise above the floor price. Through investment in the capital market, there are opportunities to improve your future days. If everyone actively participates in the market, everyone will benefit.
Professor Shibli Rubayat-Ul-Islam said, “We are trying to bring good companies to the stock market. However, when we enforce governance and compliance, companies are not eager to come. Even the companies that come are not preferred.”
He mentioned that government bonds offer higher returns than FDIs. However, none of you are engaging in buying and selling them. Despite that, government securities are currently providing returns of up to 11%. Therefore, brokerage houses need to market government securities.
Mr. Md. Abu Naser, Director, FBCCI, Mr. Amzad Hossain, Director-In-Charge, FBCCI Standing Committee on Capital Market & Bond, Mr. Richard D’ Rozario, President, DSE Brokers Association of Bangladesh, Mr. Md. Sayadur Rahman, President, Bangladesh Merchant Bankers Association, Mr. M. Shaifur Rahman Mazumdar, FCA, FCMA, Managing Director (Acting), Dhaka Stock Exchange Limited, and Dr. Rezwanul Huque, Professor, Institute of Business Administration (IBA), University of Dhaka attended as Special Guests. Mr. Mohammad Gulam Mustafa Bhuiyan, Managing Director, Gibson Securities Limited and other officials of the organization were also present.
Dhaka Stock Market DSE, Bourse on the second working day of the week, 30th September, ended with a negative performance in Indices and a hike in Turnover from the previous working session. This information is known from DSE sources.
503 crore 90 lakh taka shares were traded on this day. 22 crore 58 lakh more tradings were done in DSE today compared to the previous workday, 29th September, Shares worth Tk 481 crores 31 lakh shares were traded last time, Sunday.
The benchmark DSEX lost 33.61 points or 5,624 The Shariah-based index DSES dropped 7.36 point or 1,263 and the blue-chip index DS30 decreased by 9.57 points or 2,053.
Of the issues traded, 72 advanced, 299 declined and 25 remained unchanged.
Shahjibazar Power Company Limited ranked top gainer on DSE, the share price increased by Tk 4.00 paisa or 9.76 percent. On this day, the share was last traded at Tk 45.00 paisa.
Dhaka Electric Supply Company Limited ranked top loser on the DSE, the share price dropped by Tk 1.80 paisa or 7.56 percent. On this day, the share was last traded at Tk 22.00 paisa.
DSE topped on trade is Pragati Life Insurance Limited 25 crore 35 lakh takas of company shares have been traded.
A total of 27 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 50 lakh 42 thousand 956 shares of the companies were traded. The financial value of which is 65 crore 60 lakh taka
One of the Listed companies, National Polymer Limited has recommended 10.50% Cash Dividend for the year ended June 30, 2024.
It has reported Consolidated EPS of Tk 2.27 paisa, and Consolidated NAV per share of Tk 30.63 for the year ended March 31, 2024.
The Annual General Meeting (AGM) of the company will be held on December 18, through the digital platform. The record date for this has been fixed at October 22.
The Company also discloses its financial reports for the second quarter, (April – June 24).
As per the company’s consolidated life revenue account for April to June 2024, the excess of total income over total expenses, including claims (surplus), stood at Tk 1,394.24 million. This marks a significant increase from the surplus of Tk 823.68 million during the same period in 2023.
For the first half of 2024, from January to June, the company reported a surplus of Tk 2,177.57 million, compared to Tk 1,290.39 million in the corresponding period of the previous year.
Additionally, the Life Insurance Fund balance as of June 30, 2024, reached Tk 55,188.62 million, showing a net increase of Tk 5,892.25 million from Tk 49,296.37 million on June 30, 2023.
One of the Listed companies, Beacon Pharmaceuticals PLC has recommended 20% Cash dividend and 10% Cash Dividend to Sponsor Shareholder and Directors for the year ended June 30, 2024.
It has reported EPS of Tk 2.26 paisa, and NAV per share of Tk. 26.37 for the year ended June 30, 2024.
The Annual General Meeting (AGM) of the company will be held on December 23, through the digital platform. The record date for this has been fixed at October 27.
