Stocks
Mass Transactions are held by 10 companies
On the fourth working day of the week, Dhaka Stock Exchange (DSE), the main stock market of the country, traded shares and units of a total of 371 companies worth Tk 1,808 crore 19 lakh.
More than half of these transactions were in shares of 10 companies. This information is known from DSE sources.
According to sources, on Wednesday, September 21, the shares of the top ten traded companies traded for a total of Tk 946 crore 87 lakh. Among these companies, Orion Pharma shares were traded the most. 1 crore 74 lakh 102 shares of the company were exchanged in DSE today. The market value of these shares is Tk 257 crore 25 lakhs.
On this day, Beximco Limited came to second place in the list of transactions. Today 1 crore 67 lakh 15 thousand 23 shares of the company worth Tk 229 crore 69 lakh were exchanged.
Bangladesh Shipping Corporation, which ranks third in the list, traded shares worth Tk 102 crore 22 lakh today.
Shares of three companies traded more than five million takas on Wednesday. Out of this, shares of JMI Hospital 66 lakh 63 thousand, Shahjibazar Power 61 lakh 22 thousand and Lafarge Holcim 54 lakh 79 thousand were traded.
Also, 40 crores 31 lakh shares of Orion Infusion, 37 lakh 99 thousand shares of Acme Laboratories, 34 lakh 73 thousand shares of Bashundhara Paper and 3 million 99 thousand shares of Shinepukur Ceramics have been placed in the top ten of transactions.
Stocks
National Polymer Announce Their Dividends & Q2 Financials
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.
Stocks
Beacon Pharma Declares Their Dividends
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.
Stocks
BSEC Delists Three Auditors for FRC Failure
The Bangladesh Securities and Exchange Commission (BSEC) has removed three audit firms from its panel for their failure to secure enlistment with the Financial Reporting Council (FRC), according to a notice issued today.
The firms—A Hoque & Company, FAMES & R, and SK Barua & Company Chartered Accountants—were delisted following the FRC’s request. In December last year, the FRC published a list of enlisted audit firms and subsequently, in February, requested the BSEC to remove any firms that were not included on that list.
BSEC regulations mandate that financial statements signed by auditors outside its approved panel will not be accepted. With the removal of these three firms, the total number of audit firms on the BSEC panel has been reduced from 48 to 45.
Sources from the FRC revealed that 15-20 audit firms failed to secure enlistment last year, and approximately 45 chartered accountants are currently under restrictions imposed by the Institute of Chartered Accountants.
Although the delisted firms can no longer audit issuer companies or listed securities, they are allowed to complete audit and assurance services that were initiated before their removal, the BSEC clarified.
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