Stocks
10 firms scores for 40pc of weekly turnover: DSE
10 of the most-traded organizations nabbed 40pc of transactions on the premier bourse in the outgoing week, with Orion Pharma making its way to the top of the turnover chart for the 3rd week straight. The Dhaka Stock Exchange, DSE posted a turnover Tk 52.78 billion this week, down from Tk 73.06 billion in the previous week.
According to the DSE source, Orion Pharma developed a turnover of Tk 4.95 billion, making up 9.37pc of the week’s total turnover.
Through the week, the firm’s share price jumped 9.35pc to close at Tk 148 each on Thursday, 6 October.
Bangladesh Export Import Company (Beximco) secured the 2nd spot on the weekly turnover list, posting a turnover of Tk 3.71 billion, which is 7.02pc of the total turnover.
The company’s share price dropped 2.81pc last week to close at Tk 131.30 each on Thursday.
Eastern Housing bagged the 3rd position, with shares worth Tk 2.29 billion changing hands, accounting for 4.34pc of the total market turnover.
During the week, the company’s share price advanced 2.31pc to close at Tk 110.70 each on Thursday.
Bangladesh Building Systems notched the 4th spot, capturing 3.55pc of the weekly turnover as it featured transactions of Tk 1.87 billion.
The company’s share price bounced 8.67pc in the 4th session of last week and closed at Tk 60.50 each.
JMI Hospital Requisite Manufacturing Limited emerged as the 5th, posting a turnover of Tk 1.65 billion, which is 3.14pc of the weekly turnover.
The company’s share price dropped to Tk 130 each on Thursday.
BBS Cables saw a turnover of Tk 1.60 billion last week, grabbing 3.04pc of the weekly turnover.
The company’s share price surged 11.62pc last week and closed at Tk 60.50 each on Thursday.
Shinepukur Ceramics featured a turnover of Tk 1.36 billion, capturing 2.57pc of the weekly market turnover.
The company’s share price dropped to Tk 54.50 each on Thursday.
Dhaka Stock Exchange DSE, Bourse on the fourth working day of the week, 8th May, ended with a drop in Indices and Turnover from the previous working session. This information is known from DSE sources.
869 crore 59 lakh taka shares were traded on this day. 238 crore 74 lakh less tradings were done in DSE today compared to the previous workday, 7th May , Shares worth Tk 1 thousand 108 crores 34 lakh shares were traded last time, Tuesday.
The benchmark DSEX lose 34.49 points or 5,690 The Shariah-based index DSES dropped 4.60 points or 1,250, and the blue-chip index DS30 decreased by 14.15 points or 2,026.
Of the issues traded, 94 advanced, 253 declined and 50 remained unchanged.
Far East Knitting & Dyeing, JMI Syringe & Medical Devices, Phoenix Finance 1st Mutual Fund ranked top gainer on DSE, the share price increased by Tk 1.80, Tk 15.90, Tk 0.70 paisa or 10.00 percent. On this day, the share was last traded at Tk 19.80, Tk 174.90, Tk 7.70 paisa.
Orion Infusion Ltd ranked top loser on the DSE, the share price dropped by Tk 19.90 paisa or 3 percent. On this day, the share was last traded at Tk 644.10 paisa.
DSE topped on trade is Far East Knitting & Dyeing Limited 35 crore 44 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 44 lakh 48 thousand 430 shares of the companies were traded. The financial value of which is 47 crore 87 lakh taka
Dhaka Stock Exchange (DSE), the leading bourse in the country, is actively seeking collaboration with Nasdaq Stockholm AB, a Swedish stock exchange, to bolster its strategic and dynamic growth initiatives.
In a recent meeting with Nasdaq Stockholm President Adam Kostyal on Tuesday (7 May), DSE Chairman Prof Hafiz Muhammad Hasan Babu emphasized the importance of establishing a fruitful and enduring bilateral relationship with the Nordic stock exchange, as per a press statement from DSE.
During their discussion, Prof Hafiz provided an overview of various facets of Bangladesh’s capital market to Adam.
Since 2014, DSE has been leveraging Nasdaq OMX’s X-Treme iNet matching engine and Trapets AB’s InstantWatch market surveillance software, both based in Sweden, to modernize its trading infrastructure.
Additionally, the DSE chairman explored avenues for knowledge exchange, collaboration on product and technology advancement, market monitoring and surveillance enhancement, expansion of financial literacy initiatives, and facilitation of foreign investment.
He expressed confidence that with the cooperation of Nasdaq Stockholm, Bangladesh’s capital market will thrive.
The parties also deliberated on the prospect of formalizing their collaboration through a Memorandum of Understanding (MoU).
Furthermore, Prof Hafiz extended an invitation to Adam Kostyal to visit DSE at his convenience, which was positively received by the Nasdaq Stockholm president.
In another meeting, Prof Hafiz engaged with European Union President for European Markets Roland Chai and Adam Kostyal to explore opportunities for collaboration between DSE and European stock exchanges in advancing Bangladesh’s capital market.
Adam Kostyal provided insights into the role of Nasdaq Stockholm AB’s board of directors, the exchange’s product portfolio, listing and de-listing procedures, market management protocols, and governance practices.
Overall, these discussions underscore DSE’s proactive approach in fostering strategic partnerships to propel the growth of Bangladesh’s capital market.
One of the listed companies, IFIC Bank PLC discloses its financial reports for the first quarter, (January – March 24).
The company’s Consolidated earnings per share (EPS) was Tk 0.22 paisa in Q1 of the current financial year (January – March 24). Consolidated EPS was Tk 0.34(restated) paisa during the same period last year. As of March 31, 2024, at the end of the first quarter of the fiscal year, the company’s Consolidated net asset value (NAV) per share stood at Tk 19.96.
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