Home ›› 29 Mar 2022 ›› Stock
No investors have shown interest to buy shares of 20 companies at the Dhaka Stock Exchange (DSE) on Monday.
The companies include - Khulna Power Company Limited, Khulna Printing and Packaging Limited, Pragati Life Insurance, Atlas Bangladesh, Imam Button Industries, Meghna Pet Industries, BD Thai Food and Beverage, Mozaffar Hossain Spinning Mills, Dragon Sweater and Spinning, Oimex Electrode Limited, Meghna Life Insurance, Zeal Bangla Sugar Mills, Meghna Cement Mills, and Bashundhara Paper Mills Limited.
Debabrata Sarker, the former chief data analyst at BRAC EPL Investment, told The Business Post that investors’ interest is time sensitive.
It seems that they are now interested in companies that follow the calendar year and are yet to declare dividend.
Noting that most of the companies that did not have share buyers count financial year from July to June, Debabrata said it is a temporary issue and situation will return to normalcy soon.
The Bangladesh Securities and Exchange Commission (BSEC) recently directed the Dhaka Stock Exchange and the Chittagong Stock Exchange to temporarily count the lower circuit limit at 2 per cent.
However, the upper limit of the circuit breaker and other conditions remained unchanged.
As a result, companies whose share prices have fallen 2 per cent are considered to have no share buyers.
