Stocks
169 companies’ floor price withdrawal lists
169 companies from the Stock Market floor price have been withdrawn by the Regulatory body Bangladesh Securities and Exchange Commission (BSEC). But, there is a minimum limit on the share price of the company. BSEC Chairman Professor Shibli Rubayat-Ul-Islam issued an order on Wednesday (December 21).
From the given order, for the good development in the share market and for the sake of the investors, the movement needs to be controlled. That’s why Dhaka Stock Exchange and Chittagong Stock Exchange (DSE & CSE) 169 companies floor price has been withdrawn and the companies have been directed to keep the minimum limit of 1 percent share price reduction.
Rezaul Karim, BSEC spokesperson and executive director confirmed the order. He told Orthosongbad that shares of 169 companies whose floor prices were withdrawn were not being traded for a long time. As a result, the floor price of the companies has been withdrawn and the lower limit of share price reduction has been set.
For the convenience of financial news readers, below is the list of companies whose floor prices have risen:
Insurance Sector: Islami Commercial Insurance Company, Agrani Insurance, Desh General Insurance, Karnaphuli Insurance, Continental Insurance, Global Insurance, Janata Insurance, Mercantile Insurance, Purabi General Insurance, Phoenix Insurance, Crystal Insurance, Islami Insurance, Nitol Insurance, People’s Insurance, United Insurance, Northern Islami Insurance, City General Insurance, Progressive Life Insurance, Prime Islami Life Insurance, Meghna Life Insurance, Padma Islami Life Insurance, Sunlife Insurance and newly listed Chartered Life Insurance, Republic Insurance, Federal Insurance, Express Insurance, Asia Pacific General Insurance , Paramount Insurance, Central Insurance, Sonarbangla Insurance, Dhaka Insurance, Takaful Islami Insurance, Rupali Insurance, Eastland Insurance, Senakalyan Insurance, Eastern Insurance and Union Insurance Company.
Mutual Funds: Prime Finance First Mutual Fund, First Janata Bank Mutual Fund, ICB AMCL Second Mutual Fund, AIBL First Islami Mutual Fund, CAPM IBBL Islami Mutual Fund, ICB Employees Provident Mutual Fund Scheme One, Phoenix Finance First Mutual Fund, IFIL Islamic Mutual Fund One, ICB AMCL Third NRB Mutual Fund, MBL First Mutual Fund, Prime Bank First ICB AMCL Mutual Fund, ICB AMCL CMSF Goldage Jubilee Mutual Fund, ICB AMCL Sonali Bank Mutual Fund, Exim Bank First Mutual Fund, EBL First Mutual Fund, EBL NRB First Mutual Fund.
Also in the list of Mutual Funds which have given floor price are AB Bank First Mutual Fund, PHP First Mutual Fund, Popular Life First Mutual Fund, Trust Bank First Mutual Fund, DBH First Mutual Fund, GreenDelta Mutual Fund, LR Global Bangladesh Mutual Fund – One , SEML Lecture Equity Management Fund, SEML FBLSL Growth Fund, SEML IBBL Shariah Fund; CAPM BDBL Mutual Fund, Vanguard AML BD Finance Mutual Fund One, Vanguard AML Rupali Bank Balances Fund; Asian Tiger Sandhyani Life Growth Fund; Reliance One Mutual Fund, NLI First Mutual Fund, IFIC Bank First Mutual Fund, NCCBL Mutual Fund and ICB AMCL First Agrani Bank Mutual Fund.
Textile Sector: Tasrifa Industries, Pacific Denims, Tunghai Knitting & Dyeing, Anlima Yarn, Zahin Tex Industries, Safco Spinning Mills, Noorani Dyeing, Tallu Spinning, Apex Spinning & Knitting, Desh Garments, Regent Textile Mills, Saiham Textiles, Simtex Industries, Delta Spinners, Zaheen Spinning, Stylecraft, Dhaka Dyeing, Dulamia Cotton, Prime Textiles, Evince Textiles, Family Tex, Hamid Fabrics, Rahim Textiles, Mithun Knitting and Dyeing, Alltex Industries, and Sonargaon Textiles.
Engineering Sector: RSRM, BD Welding, Aziz Pipes, BD Autocars, Shurwid Industries, Deshbandhu Polymer, Oimex Electrode, Yeakin Polymer, K&Q, RFL, Navana CNG, Olympic Accessories, Monno Agro, BDThai Aluminum, Dominage Steel and Renwick Jajneswar & Co.
Food & Ancillary Sector: Emerald Oil, Meghna Pet Industries, Meghna Condensed Milk, Pran, Zeal Bangla Sugar Mills, Fine Foods, Bangas, Beach Hatchery, Apex Foods, and Shyampur Sugar Mills.
Financial Sector: First Finance, Fas Finance, Midas Financing, Premier Leasing & Finance, BIFC, First Finance & Investment, International Leasing, Union Capital & People’s Leasing & Finance.
Miscellaneous Sector: Savar Refractories, GQ Ballpen, Miracle Industries, Sinobangla Industries, Osmania Glass, Khan Brothers PP Woven Bag Industries, National Feed Mills, Aramit Limited and SK Trims.
Pharmaceuticals and Chemicals Sector: Central Pharma, MB Pharma, Imam Button, Libra Infusions and Indobangla Pharmaceuticals.
Information Technology Sector: Information Services, Intake, Agni Systems and BDCom Online.
Jute Sector: Jute Spinners, Northern Jute and Golden Fiber.
Tannery Sector:
Samata Leather, Legacy Footwear and Apex Tannery.
Paper and Publishing Sector:
Khulna Printing & Packaging, Hakkani Pulp & Paper Processing & Packaging.
Energy Sector:
Eastern Lubricants and GBB Power.
In addition, the regulatory body has given floor price of Bangladesh Services in the service and accommodation sector, Samarita Hospital in the travel and leisure sector and Standard Ceramics in the ceramic sector.
Dhaka Stock Exchange DSE, Bourse on the first working day of the week, 5th May, ended with a hike in Indices and Turnover from the previous working session. This information is known from DSE sources.
817 crore 76 lakh taka shares were traded on this day. 107 crore 13 lakh more tradings were done in DSE today compared to the previous workday, 2nd May , Shares worth Tk 710 crores 62 lakh shares were traded last time, Thursday.
The benchmark DSEX added 76.41 points or 5,692 The Shariah-based index DSES gained 18.55 points or 1,250, and the blue-chip index DS30 increased by 25.59 points or 2,033.
Of the issues traded, 259 advanced, 98 declined and 44 remained unchanged.
Far East Knitting & Dyeing Limited ranked top gainer on DSE, the share price increased by Tk 1.50 paisa or 10.00 percent. On this day, the share was last traded at Tk 16.50 paisa.
ADN Telecom Limuited ranked top loser on the DSE, the share price dropped by Tk 3.20 paisa or 3 percent. On this day, the share was last traded at Tk 103.50 paisa.
DSE topped on trade is Orion Infusion Limited 41 crore 5 lakh takas of company shares have been traded.
A total of 34 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 31 lakh 74 thousand 321 shares of the companies were traded. The financial value of which is 36 crore 66 lakh taka
One of the Listed companies, AB Bank PLC has recommended 2% Bonus Dividend for the year ended December 31, 2023.
In terms of financial performance, The Company has also reported Consolidated EPS of Tk. 1.02 for the year ended December 31, 2023. NAV per share of Tk. 29.58 paisa.
The Annual General Meeting (AGM) of the company will be held on June 12, through the digital platform. The record date for this has been fixed at May 26.
Q1 Financials: The company’s Consolidated earnings per share EPS was Tk. 0.12 for January – March 2024 as against Consolidated EPS of Tk 0.13 (restated) for January – March 2023. As of March 31, 2024, Consolidated net asset value (NAVPS) was Tk 29.67 paisa.
The review of the U.S. stock markets highlights a mixed performance across different indices during the week. While the Nasdaq Composite recorded a significant hike, reaching a closing value of 16,156 points, the S&P 500 index showed a negative trend despite adding 28 points.
Conversely, the DJIA Index experienced a notable hike, concluding at 38,675 points after a week of gains. The Russell 3000 Index saw a modest gain, while the Russell 2000 Index demonstrated a notable increase. Overall, the week witnessed varied movements in the stock market, with certain indices showing resilience and others experiencing fluctuations.
Reviewing the U.S. Stock Markets, the Nasdaq Composite, recorded a decent hike of 229 points, reaching a closing value of 16,156 points by the end of the week. Similarly, the S&P 500 index showed a negative trend, adding 28 points to settle at 5,127 points. Meanwhile, DJIA Index experienced a notable hike, adding 436 points during the week and concluding at 38,675 points after a week of gain.
In contrast, Russell 3000 Index saw a gain in week performance, with a slight hike of 18 points to reach 2,934 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable gain of 33 points, ending the week at 2,035 points.
