Stocks
3 companies share in extreme state, appear to be the top of foreign trusts
3 companies including BRAC Bank are at the top of the trusts for foreigners. Since these companies are at the top of foreign trust, share prices are relatively moving backward. Amidst, the shares of BRAC Bank hold the floor price from the previous month.
This information is known from Dhaka Stock Exchange (DSE) sources.
According to the sources, BRAC Bank is the most trusted by foreigners from the listed companies. A total of 35.21pc shares in the company are held by foreigners.
Plus, 3 companies in the banking sector adding BRAC Bank are in the top ten of the trust of foreigners. Those are – Islami Bank and City Bank. Foreigners have 22.59pc investments in Islami Bank and 4.77pc investments in City Bank.
Amidst the companies that are at the top of the trust of foreign investors, those institutions in the banking sector are the slowest in share price. Although there is 35.21pc foreign investment in BRAC Bank, the share is currently trading at 38 taka 50 paisa. Besides, each share of the number three company Reneta, which is at the height of foreign interest, is trading at 1 thousand 303 taka. So, the share price of BRAC Bank is 33 times less than the third company on the list even from the top of foreign investment. That is, every share of BRAC Bank is being sold at a price 33 times less than that of Renata even from the top in foreign investment.
The price at which BRAC Bank shares are exchanging is the minimum share price (floor price) arranged by the Securities and Commission. Without the floor price, the share price was likely to fall further. BRAC Bank shares are trading at 38 takas 50 paisa since September 1.
There are 2 more banks in the top ten of foreign investment. Those are more vulnerable to share price. Although Islami Bank has 22.59pc, the share was last traded at 32 taka 90 paisa. And the shares of City Bank, which is number 10 in the list, were last traded at 22 taka 80 paisa.
Apart from those companies in BSRM and banking sector, the share price of other companies that leads in foreign investment is more than 100 takas. Beximco Pharma is ranked second among companies with foreign investment. Shares of the company with 28.31pc foreign investment last traded at Tk 129.90 paisa.
The share price of Renetta Limited in third place is 1 thousand 303 taka. Foreign investment in this company is 22.90pc.
Olympics has 22.59pc foreign investment. Shares of this company last traded at 128 taka 20 paisa.
BSRM is on the list with 17.49pc foreign investment. The company’s shares last traded at Tk 93.
Square Pharma, a pharmaceutical and chemical company, has 13.64pc foreign investment. The current market price of the company’s shares is 209 taka 80 paisa.
Shares of British American Tobacco, which has 6.93pc foreign investment, last traded at Tk 518.60. And shares of Singer, a company with 4.83pc foreign investment, were last traded at 151 taka 90 paisa.
Dhaka Stock Exchange DSE, Bourse on the last working day of the week, 2nd May, ended with a hike in Indices and Turnover from the previous working session. This information is known from DSE sources.
710 crore 62 lakh taka shares were traded on this day. 125 crore 9 lakh more tradings were done in DSE today compared to the previous workday, 30th April , Shares worth Tk 835 crores 72 lakh shares were traded last time, Tuesday.
The benchmark DSEX added 30.99 points or 5,615 The Shariah-based index DSES gained 4.92 points or 1,232, and the blue-chip index DS30 increased by 12.55 points or 2,007.
Of the issues traded, 207 advanced, 140 declined and 48 remained unchanged.
Sinobangla Industries Limited ranked top gainer on DSE, the share price increased by Tk 4.00 paisa or 9.95 percent. On this day, the share was last traded at Tk 44.20 paisa.
Rupali Bank PLC ranked top loser on the DSE, the share price dropped by Tk 4.10 paisa or 15.07 percent. On this day, the share was last traded at Tk 23.10 paisa.
DSE topped on trade is Sonali Aansh Limited 63 crore 49 lakh takas of company shares have been traded.
A total of 43 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 67 lakh 76 thousand 965 shares of the companies were traded. The financial value of which is 70 crore 01 lakh taka
8 listed mutual funds disclose their financial reports for the third quarter, (January – March 24). This information is known from DSE sources.
SEML FBLSL Growth Fund: earnings per unit (EPU) loss Tk 0.74 paisa in Q3 of the current financial year (January – March 24). EPU was Tk 0.08 paisa during the same period last year. NAV per unit at Market Price was Tk. 9.35 as of March 31, 2024 & NAV per unit at Cost Price was Tk. 10.50 as of March 31, 2024.
SEML Lecture Equity Management Fund: earnings per unit (EPU) loss Tk 0.55 paisa in Q3 of the current financial year (January – March 24). EPU was Tk 0.11 paisa during the same period last year. NAV per unit at Market Price was Tk. 9.47 as of March 31, 2024 & NAV per unit at Cost Price was Tk. 11.12 as of March 31, 2024.
AB Bank 1st Mutual Fund: earnings per unit (EPU) loss Tk 1.24 paisa in Q3 of the current financial year (January – March 24). EPU was Tk 0.04 paisa during the same period last year. NAV per unit at Market Price was Tk. 8.87 as of March 31, 2024 & NAV per unit at Cost Price was Tk. 11.22 as of March 31, 2024.
Popular Life First Mutual Fund: earnings per unit (EPU) loss Tk 1.55 paisa in Q3 of the current financial year (January – March 24). EPU was Tk 0.04 paisa during the same period last year. NAV per unit at Market Price was Tk. 8.49 as of March 31, 2024 & NAV per unit at Cost Price was Tk. 10.98 as of March 31, 2024.
EBL NRB Mutual Fund: earnings per unit (EPU) loss Tk 1.50 paisa in Q3 of the current financial year (January – March 24). EPU was Tk 0.05 paisa during the same period last year. NAV per unit at Market Price was Tk. 8.67 as of March 31, 2024 & NAV per unit at Cost Price was Tk. 10.97 as of March 31, 2024.
PHP First Mutual Fund: earnings per unit (EPU) loss Tk 1.50 paisa in Q3 of the current financial year (January – March 24). EPU was Tk 0.02 paisa during the same period last year. NAV per unit at Market Price was Tk. 8.54 as of March 31, 2024 & NAV per unit at Cost Price was Tk. 10.93 as of March 31, 2024.
Green Delta Mutual Fund: earnings per unit (EPU) loss Tk 0.94 paisa in Q3 of the current financial year (January – March 24). EPU was loss Tk 0.02 paisa during the same period last year. NAV per unit at Market Price was Tk. 9.06 as of March 31, 2024 & NAV per unit at Cost Price was Tk. 10.33 as of March 31, 2024.
DBH First Mutual Fund: earnings per unit (EPU) loss Tk 1.07 paisa in Q3 of the current financial year (January – March 24). EPU was loss Tk 0.018 paisa during the same period last year. NAV per unit at Market Price was Tk. 8.92 as of March 31, 2024 & NAV per unit at Cost Price was Tk. 10.19 as of March 31, 2024.
One of the Listed companies, Standard Bank PLC has recommended 2.5% Cash Dividend & 2.5% stock Dividend for the year ended December 31, 2023.
In terms of financial performance, The Company has also reported Consolidated EPS of Tk. 1.27 for the year ended December 31, 2023. NAV per share of Tk. 16.93 paisa.
The Annual General Meeting (AGM) of the company will be held on July 29, through the digital platform. The record date for this has been fixed at June 11.
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