Stocks
“We need to campaign to widen the bond market and more accessible to all”
President of Federation of Bangladesh Chamber of Commerce and Industry, FBCCI, MD. Jasim Uddin said Banks collect short-term deposits, so they cannot make long-term loans, the apex organization of traders commented that customers are defaulting despite their reluctance.
He further added the issues in a program called ‘Bond Market: The Ultimate Long Term Solution’ at FBCCI’s head office on Tuesday, October 11. Prime Minister’s Adviser on Private Industries and Investments Salman F. Rahman and Bangladesh Securities and Exchange Commission (BSEC) Chairman Prof. Shibli Rubayat-Ul-Islam are present as chief guests on the occasion.
On the occasion, FBCCI president told that banks do not have the potential to provide long-term loans. As a result, defaults are hiking. The world has a 127 trillion bond market. hence, neighboring country India’s corporate bonds account for 16pc of the GDP. Its GDP in Bangladesh is 8pc.
FBCCI President further said, to become a developing country, our export market should reach USD300 billion. That’s why we have no choice but to make our industry bigger. If we have to transform into a developing country, we need to develop these industries. In that case, this top leader advised the businessmen to give importance to the bond market.
“We need to campaign to make the bond market bigger and more accessible to all,” he said. If the bond market is big, we will be able to invest on easy terms.
Dhaka Stock Exchange DSE, Bourse on the second working day of the week, 6th May, ended with a hike in Indices and Turnover from the previous working session. This information is known from DSE sources.
1 thousand 95 crore 64 lakh taka shares were traded on this day. 277 crore 88 lakh more tradings were done in DSE today compared to the previous workday, 5th May , Shares worth Tk 817 crores 76 lakh shares were traded last time, Sunday.
The benchmark DSEX added 34.95 points or 5,727 The Shariah-based index DSES gained 10.51 points or 1,261, and the blue-chip index DS30 increased by 13.35 points or 2,046.
Of the issues traded, 252 advanced, 86 declined and 58 remained unchanged.
Esquare Knit Composite PLC Limited ranked top gainer on DSE, the share price increased by Tk 2.20 paisa or 10.00 percent. On this day, the share was last traded at Tk 24.20 paisa.
Shyamour Sugar Mills Limited ranked top loser on the DSE, the share price dropped by Tk 5.30 paisa or 2.99 percent. On this day, the share was last traded at Tk 171.80 paisa.
DSE topped on trade is Orion Infusion Limited 45 crore 37 lakh takas of company shares have been traded.
A total of 48 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 12 crore 95 lakh 90 thousand 855 shares of the companies were traded. The financial value of which is 137 crore 67 lakh taka
One of the listed companies, Rahima Food Corporation Limited discloses its financial reports for the third quarter, (January – March 24).
The company’s earnings per share (EPS) was loss Tk 0.34 paisa in Q3 of the current financial year (January – March 24). EPS was Tk 0.81 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 10.14.
One of the listed companies, DBH Finance PLC discloses its financial reports for the first quarter, (January – March 24).
The company’s earnings per share (EPS) was Tk 0.87 paisa in Q1 of the current financial year (January – March 24). EPS was Tk 1.81 (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 net asset value (NAV) per share stood at Tk 44.50.
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