Stocks
Bourse Performed Mixed
Dhaka Stock Exchange DSE, Bourses on the second working day of the week, March 6, ended with price index mixed & turnover hikes.
This information is known from DSE sources.
727 crores 38 lakh shares were traded in DSE on this day. 65 crores 2 lakhs more trading was done in DSE today compared to the previous workday, 5 March, Shares worth Tk 662 crores 36 lakh shares were traded in DSE last time, Sunday.
The benchmark index DSEX hiked 9.27 points or 6,259. The Shariah-based index DSES dropped 1.09 points or 1,361, and the blue-chip index DS30 gained 0.13 points or 2,225.
Of the issues traded, 100 advanced, 65 declined, and 178 remained unchanged.
Dominage Steel Building Systems Limited ranked top gainer on DSE, the share price increased by Tk 1.6 paisa or 9.88 percent. On this day, the share was last traded at Tk 17.80 paisa.
On the other hand, Zeal Bangla Sugar Mills Limited ranked top loser on the DSE, the share price dropped by Tk 13.7 paisa or 9.35 percent. On this day, the share was last traded at Tk 133.30 paisa.
DSE topped on trade Genex Infosys Limited 42 crores 57 lakh 24 thousand takas of shares of the company have been traded.
A total of 69 companies’ shares were traded in the Block on Dhaka Stock Exchange, 62 lakh 04 thousand 176 shares of the companies were traded. The financial value of which is 71 crore 14 lakh taka.
On the other hand, DSE-SME (Small & Medium Enterprises) Index hiked to 21.56 points which now stood at 1,117 points. The total turnover stops by the end of the day at 3 crore 87 lakh.
ATB (Alternate Trading Board) Platform, LankaBangla Securities Limited turnover stood at 2 lakh 94 thousand.
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Professor Shibli Rubayat-Ul-Islam, Chairman of the Bangladesh Securities and Exchange Commission (BSEC), has identified liquidity mismanagement and indiscipline as the biggest problems for the money market presently.
Speaking at the Inter-University Capital Market Based Real-Time Investment Competition called “NeXTor,” organized by the East West University Investment and Finance Club, Shibli mentioned that lenders often meet investment demands by lending for the long term with money collected for the short term.
He noted that since the country’s independence, the economy has been largely shaped by the money market, but mismanagement of funds has led to a surge in non-performing loans (NPLs) there.
According to recent Bangladesh Bank figures, as of December last year, NPLs at banks amounted to Tk1,45,633 crore, which was 9% of their total outstanding loans, up from the previous year’s 8.16%.
Former Bangladesh Bank Governor Mohammed Farashuddin, speaking at the same event, echoed the sentiment of the BSEC chairman. He highlighted challenges faced by banks in managing funds for long-term investments due to their tendency to gather short-term deposits, sometimes for just one day.
Farashuddin pointed out that the country’s economy consistently grapples with an investment gap to satisfy the demand, suggesting that the capital market has the potential to bridge this divide and play a pivotal role in long-term investments.
Shibli emphasized the evolution of the country’s capital market beyond equity-based investments to offer diverse options capable of meeting long-term investment needs. He proposed the establishment of a robust capital market, including the introduction of a debt board for fundraising through bonds and an SME platform supporting small businesses.
He also disclosed plans to launch a commodity market through the Chittagong Stock Exchange to mitigate issues such as over and under-invoicing.
At the event, the East West University Investment and Finance Club recognized three winners in the real-time investment competition, which saw participation from 22 universities. Dhaka University emerged as the winner, with Bangladesh University of Professionals and North South University securing second and third positions.
Shibli highlighted that through such competitions, participants gain practical insights into the capital market, emphasizing the importance of experiential learning beyond theoretical knowledge.
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.
