The market regulator turned down a proposal of a 5% stock dividend by Dominage Steel Building Systems last week – to protect the interest of its investors. It recommended a 10% dividend – 5% cash and 5% stock – for the last fiscal year that ended in June 2021. The manufacturer of pre-engineered steel buildings structure had recently sought approval from the Bangladesh
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Stocks rise for eighth day
Star Business Report
Star Business Report
Stocks have continued to rise for the last eight days of trade due to increased participation of investors despite the coronavirus pandemic.
The DSEX, the benchmark index of Dhaka Stock Exchange (DSE), rose 63 points, or 1.16 per cent, to stand at 5,498.21 yesterday.
There are many reasons behind the recent jump of the market despite the ongoing pandemic, said Sayedur Rahman, president of Bangladesh Merchant Bankers Association.
The world stock market is in a peak position amidst the pandemic and even the Indian market is also at a high level, he said, adding that India was witnessing a devastating deterioration of the pandemic.
Stock market newcomers lose the most Star Business Report Star Business Report
Newly listed companies suffered the biggest hits in the stock market yesterday as most had become overvalued in recent times.
Five such firms ended up in the top losers list.
Meanwhile, Mir Akhter Hossain exhibited a break from norms and continued to be traded on in the second day past its appearance.
Normally, a new company remains in limbo on the first few days upon arrival due to a lack of sellers in the midst of a huge number of buyers.
The overvaluation should not have occurred, said a top official of a merchant bank.
The stock market rose by 5 per cent, or 260 points, over the past five days thanks to buoyancy in investor participation. The DSEX, the Dhaka Stock Exchange's (DSE) benchmark index, edged up 14.24 points, or 0.26 per cent, to stand at 5,358.28 yesterday. This occurred despite the downfall of most listed stocks, owing to an upward trend sweeping companies bearing large capital