Stocks
Tk 3cr Govt Share Bond Trading Started
Government Securities or treasury bonds have started, a total number of 250 tradings, for the first time in the stock market. Its market capital is 3 lakh 16 thousand 808 crores.
On Monday, October 10 at 9:30 am, both stock markets, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), started this transaction.
Regular investors can buy and sell shares and bonds. As a result, the contribution of the share market to the country’s GDP has also increased from 14pc to 20pc in one fell swoop. Besides, not a single bond was bought and sold in an hour from the starting of trading, i.e. from 9:30 am to 10:30 am.
Acting Managing Director (MD) of DSE, Saifur Rahman Majumder affirmed that, after institutional investors, trading of government securities has started for the benefit of regular investors. Here individual investors can buy and sell bonds.
He said, as a result of trading of bonds in DSE, its share market has increased from Tk 521 thousand crores to Tk 838 thousand 484 crores. Hence, the contribution of share market to GDP has increased from 13-14pc to 20pc.
He also said that although the participation of investors is low at the start of the transaction, the bond market will gradually become more popular than the shares.
CSE Acting Managing Director, MD, Ghulam Faruque said the same thing in a different tone.. He said that the trading of bonds of government institutions has started to diversify the share market. As a result, regular investors can make profit by buying and selling bonds of government institutions. It was our long-awaited.
Bangladesh Bank Governor Abdur Rauf Talukder said at an event of BSEC in this regard, there are two parts of the share market. One of them is equity market, another is depth market. Equity market is the share market. This share market has developed in Bangladesh. Another part of the stock market that should really grow is the bond market. But it did not develop much. That’s why the secondary market isn’t really doing that well. I felt more after becoming the governor that the support needed to grow the bond market.
The governor said, many of our banks are issuing Tier-II bonds. Subordinated Bonds. Till I joined, the trend was that if one bank issued a bond, another bank had to take it. After I joined I made it a rule to sell fifty percent bonds outside. Bank bonds are all secured bonds. No bank has failed in Bangladesh to date. I think it will not fail even in the next 50 years. Then all bonds are secured. Why they will not come to the market? Why won’t common people buy it? I have had 5 to 6 banks so far. We have made it mandatory for everyone to issue 50pc bonds in the share market. We are trying to raise bonds here.
Meantime, prominent economist AB Mirza Azizul Islam said that along with the government, entrepreneurs can take long-term loans from bonds. This will lessen the debt pressure on the bank.
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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