Stocks
“Investors who bring the floor price should raise it by themselves”
Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubayat-Ul-Islam stated that every decision in the stock market tends to provoke either anger or joy among individuals. In such cases, we tend to favor what the majority desires or what will be beneficial. We do not want floor prices, but those who bring up this issue here (investors) will have to raise the floor price themselves. We will not increase the floor price.
On Tuesday (23 May), during the inauguration ceremony of the new brokerage house of Gibson Securities Limited at Dhaka Stock Exchange (DSE), the principal guest expressed these views.
The BSEC Chairman mentioned that the newly approved brokerage houses are improving the stock market. Our decision to grant licenses to new brokerage houses was accurate.
Regarding the investors’ intentions,he said there will be no repetition of 1996 or 2010 in the stock market. If anyone manipulates after the increase in floor price, we will revert back to the floor price. You all are engaged in business. We hope that soon all companies will rise above the floor price. Through investment in the capital market, there are opportunities to improve your future days. If everyone actively participates in the market, everyone will benefit.
Professor Shibli Rubayat-Ul-Islam said, “We are trying to bring good companies to the stock market. However, when we enforce governance and compliance, companies are not eager to come. Even the companies that come are not preferred.”
He mentioned that government bonds offer higher returns than FDIs. However, none of you are engaging in buying and selling them. Despite that, government securities are currently providing returns of up to 11%. Therefore, brokerage houses need to market government securities.
Mr. Md. Abu Naser, Director, FBCCI, Mr. Amzad Hossain, Director-In-Charge, FBCCI Standing Committee on Capital Market & Bond, Mr. Richard D’ Rozario, President, DSE Brokers Association of Bangladesh, Mr. Md. Sayadur Rahman, President, Bangladesh Merchant Bankers Association, Mr. M. Shaifur Rahman Mazumdar, FCA, FCMA, Managing Director (Acting), Dhaka Stock Exchange Limited, and Dr. Rezwanul Huque, Professor, Institute of Business Administration (IBA), University of Dhaka attended as Special Guests. Mr. Mohammad Gulam Mustafa Bhuiyan, Managing Director, Gibson Securities Limited and other officials of the organization were also present.
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.
