Stocks
Treasury bond trading to start this year: BSEC chairman
Treasury bond trading will start this year. Then the growth of the capital market will increase as well as the contribution to the GDP. Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubayat-Ul-Islam commented that after a few days we will start all kinds of bond trade, then the market will increase by 50pc.
He said these things in the speech of the chief guest at the round table meeting titled ‘Bangladesh Stock Market: Present and Future’ jointly organized by Capital Market Journalists Forum (CMJF) and Bangladesh Merchant Bankers Association (BMBA) at Hotel Westin on Saturday, September 17.
BSEC Chairman said, 18 of our closed companies have already reopened. There is a possibility that these companies will repay their bank loans. Banks have benefited from this. Also, NBRO will benefit as it will get a big tax from here. So we also need the cooperation of NBR.
Shibli Rubayat-Ul-Islam said, if we compare with any other country on various aspects of the economy, then we must look at the overall condition of that country first. If we talk about the derivative market, then people have to look at it, but in our country, nobody has a good idea about the derivative market.
He said, our mutual funds recent decisions are very good, they are also starting to pay dividends. If not, they are being called and visited. Not only Bangladeshi products but foreign products will be traded in the commodity exchange. The farmer’s paddy will be bought and sold here before it is harvested. If we go to buy its software, then it will take about 100 to 150 crore taka, and if we want to buy better software, then it will take 400 crore taka. We are working on such big projects, the market size will increase if they start soon.
He also said that no matter how much support is given to the capital market, the country’s taxes will increase. If good companies are brought here, they will not have the opportunity to evade taxes. We are thinking of working on a short sale. Prior, to the launch of CCBL, we are thinking of launching a short sale. Because short sale requires the development of trading capacity.
The Chairman of BSEC said that the road shows that we have done are basically going on the instructions of the Prime Minister. We are starting to reap the benefits of this. We will also do road shows in some countries. Basically, when we brand our products abroad through road shows, they become interested in investing here, because high-level government policymakers are present with us in road shows. Foreigners are interested in their beautiful presentation.
President of Capital Market Journalist Forum (CMJF) Ziaur Rahman presided over the event, as President of Bangladesh Merchant Bankers Association (BMBA). Chhaydur Rahman.
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.
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