Stocks
Floor Price to be Unchanged: BSEC
No strategies have been taken to boost the floor price. For the past couple of days, a lot of debate and feedback on social media, which is unclear.
A huge drop in the market as a result of the rumor has created panic among investors. Therefore, the index was down at the start of trading on Monday, October 10. However, the regulatory body Bangladesh Securities and Exchange Commission (BSEC) is not thinking about boosting the floor price. BSEC Chairman Professor Shibli Rubayat-Ul Islam affirmed the matter to the news media.
As per the sources, all investors think about the safety of the investment. That commission is sure not to hurt the floor price at this point. So the commission is not thinking about raising the floor price at this point.
Before this, another round of demands was lifted regarding the raising of the floor price. By this, many people think that a company is trying to market to buy shares at a low price. However, the Commission did not raise the protection of investors. At that time, on August 11, the commission said through a post on its own Facebook that the floor price in shares to continue until further instructions.
According to the BSEC sources, the floor price was fixed on July 28 in consideration of the market situation. Which came into effect on July 31 and is still in force.
One of the listed companies, Bangladesh Shipping Corporation discloses its financial reports for the third quarter, (January – March 24).
The company’s earnings per share (EPS) was loss Tk 4.47 paisa in Q3 of the current financial year (January – March 24). EPS was Tk 4.08 paisa during the same period last year. As of March 31, 2024, at the end of the third quarter of the fiscal year, the company’s net asset value (NAV) per share stood at Tk 95.25.
One of the listed companies, Agrani Insurance Company Ltd discloses its financial reports for the first quarter, (January – March 24).
The company’s Consolidated earnings per share (EPS) was Tk 0.50 paisa in Q1 of the current financial year (January – March 24). Consolidated EPS was Tk 0.48 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 20.36.
One of the Listed companies, Dhaka Insurance Limited has recommended 17% Cash Dividend for the year ended December 31, 2023.
In terms of financial performance, The Company has also reported Consolidated EPS of Tk. 2.84 for the year ended December 31, 2023. NAV per share (with revaluation) of Tk. 34.59, NAV per share (without revaluation) of Tk. 23.95.
The Annual General Meeting (AGM) of the company will be held on July 8, through the digital platform. The record date for this has been fixed at June 3.
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