Most NBFIs struggling, but a few shining

At the end of 2022, publicly traded NBFIs’ average non-performing loans (NPLs) ratio skyrocketed to nearly 24% due to some extreme figures such as 89% bad loans of scam-hit International Leasing.

Infographic: TBS

Infographic: TBS

The non-bank financial institution (NBFI) sector in Bangladesh has been struggling with a huge amount of non-performing loans, a liquidity crisis, and an extreme squeeze in the NBFIs’ net interest margin in recent quarters.

A significant portion of the blame can be attributed to non-compliant firms that sunk due to non-compliance and embezzlement.

However, some top-tier firms having better corporate governance, winning strategies, and the financial strengths to weather tough times, clearly stood apart from their mediocre competitors and also to show a contrasting picture of the devastated NBFIs that were struggling to pay back depositors.

For instance, at the end of the challenging year 2022, publicly traded NBFIs’ average non-performing loans (NPLs) ratio skyrocketed to nearly 24% due to some extreme figures such as 89% bad loans of scam-hit International Leasing.

On the flip side, top-tier firms managed to arrest their NPLs within a 3% to 7% range, while home loan provider Delta-Brac Housing (DBH) Finance PLC succeeded in recovering more than 99% of its loans.

With similar strong performance in several key financial indicators followed by analysts, the specialised NBFI appeared to be the strongest before analysts’ eyes.

The research arm of brokerage firm EBL Securities released its “NBFI Sector Performance and Earnings Update” report at the end of August, awarding DBH Finance PLC an impressive score of 89.69 out of 100. According to the audited financial report for 2022, DBH Finance PLC’s business competitor, National Housing Finance and Investment, secured the third position among all NBFIs with a score exceeding 68.

Rayhan Ahmed, senior research associate at EBL Securities, said, “A relatively lower default rate in housing loans contributed to the high profitability and ranking of these two specialised NBFIs, reflecting their strong financial health.”

IDLC Finance Ltd, the largest NBFI in the country, secured the second position among all NBFIs by the end of 2022, maintaining its status as a champion among full-fledged NBFIs with a diversified business portfolio, earning a score of over 73.

EBL Securities analysts considered earnings per share, cost-to-income ratio, returns on equity, return on asset, operating profit margin, net interest margin, NPL control, and dividend yields as their evaluation criteria.

IPDC Finance, the fastest-growing NBFI that went through a significant transformation since the world’s largest non-governmental organisation BRAC acquired its major stake eight years back, stood second among the diversified NBFIs and fourth among all, securing a score of 59.73.

Bangladesh Finance, another NBFI going through a transformation in its business model and way of operations stood fifth among all as it scored 43.51.

Lanka Bangla Finance, the second largest NBFI, stood sixth as the devaluation of Taka last year hurt its financial performance to some extent by inflating its foreign currency liabilities.

United Finance with a score of 40.17 stood seventh among all NBFIs.

State-owned Investment Corporation of Bangladesh despite its 27.3% NPL managed to secure the eighth spot with a poor score of 27.4 out of 100.

In contrast, devastated firms such as International leasing or First Finance scored near to zero amid much more liabilities than assets.

In financial business, there may come short-term dents during adverse economic situations when borrowers’ payback declines or deposit becomes expensive to squeeze profit margin, said IPDC Managing Director and CEO Mominul Islam.

However, “Financial firms having strong risk management and good governance practices overcome and chase their vision,” he added.

He attributed his firm’s superior position to the socially committed business model and the priorities for sustainable growth.

National Housing MD and CEO Mohammad Shamsul Islam believes corporate governance and transparency are the biggest strengths of his firm which translates into financial strength.

Bangladesh Finance, once lagging due to investment losses, higher NPL in the dominant large corporate loans segment might not have appeared in the top ten if the ranking had been done before the pandemic.

Its MD and CEO Md Kyser Hamid thanked the transformation program it embraced during the pandemic for a stable business and efficient operations.

Hamid, also the vice chairman of the Bangladesh Leasing and Finance Companies Association, said less bank borrowing and more customer deposits, less large loans and more small loans, technology dependency for efficient, transparent operations alongside more partnership with a wide range of actors have been proved to be the winning tools in his industry.

DBH Finance PLC MD and CEO Nasimul Baten believes that the quality of loans disbursed and better liquidity is the preparation to pay back depositors at once together make the key difference and his firm in the last 18 years kept controlling the NPL within 1%.

The NBFI industry was facing an even harder time in the first six months of 2023 due to record low-interest rate spreads as deposit rates went higher and their lending rate was capped until the beginning of July, said Hamid.

NBFI industry’s net interest income, net profit, return on equity and assets and spread everything dropped in the first half of 2023.

Except for the two housing finance providers, each of the top NBFIs had a lower score at the end of June, if compared to that of six months ago.

However, the new central bank method for setting a dynamic cap for lending rate helped create a breathing space, he added.

Each of the CEOs was optimistic that with the economic hurdles over the well-governed firms would come back with higher profitability.

Echoing them, EBL Securities’ Rayhan Ahmed said the central bank’s execution of a market-based lending rate and governance enhancement initiatives could bring promising signs for a potential turnaround of the NBFI sector.


Source: The Business Standard


Three corporate directors sell off entire Islami Bank holding

Armada Spinning Mills, Kingsway Endeavors, and Uniglobe Business Resources withdrew directorship from the bank’s board

Three corporate shareholders – Armada Spinning Mills, Kingsway Endeavors, and Uniglobe Business Resources – withdrew their directorship from the Islami Bank board in June after selling off their entire holding in the country’s largest private sector lender.

It comes a month after the Investment Corporation of Bangladesh (ICB) sold its entire shareholding in the bank in May and withdrew its nominated director.

As a result, the Islami Bank’s shareholding by sponsors-directors came down to 41.90% at the end of June from 55.06% in December last year, according to a report on the monthly shareholding position for June submitted to the chief regulatory officer of the Dhaka Stock Exchange (DSE) on 5 July.

And in June, JMC Builders bought 2.01%, or 3.23 crore, of the bank’s shares. Ahsanul Alam, son of S Alam Group Chairman Saiful Alam Masood, has been appointed as a shareholder director of the bank as a nominee of JMC Builders.

Currently, he is serving Islami Bank Bangladesh Limited as its chairman.

Market insiders said the bank’s shares were traded in the block market of the DSE. And that is why there have been some big transactions in the bank’s shares in the last three months.

TBS correspondents called Mohammed Monirul Moula, managing director of Islami Bank, for his comments, but he did not pick up his phone. Later, a message was also sent to his mobile phone, but he did not respond.

Who exited the board

Since April this year, four institutions that were corporate directors on the board of the Islami Bank have exited the board as they have sold their entire holding in the bank, according to a monthly shareholding report of the bank.

The Armada Spinning Mills, which held 2.01%, or 3.24 crore shares, sent a letter to the bank on 18 June to withdraw its directorship. Professor Nazmul Islam was director on behalf of the Spinning Mills, and the bank approved the decision on 19 June at its board meeting.

Kingsway Endeavors, which held 4.39%, or 7.07 crore shares, also wrote to Islami Bank on 13 June seeking to withdraw its directorship. Salim Uddin was director on behalf of the firm, and the bank approved the decision on the same day.

Uniglobe Business Resources held 4.67%, or 7.52 crore shares, in the bank, where it sold the entire holding and withdrew the directorship.

It also sent a letter to the bank to withdraw the directorship. Major General (retd) Abdul Matin was director on behalf of the firm, and the bank approved the decision in the board meeting.

Besides, Islami Bank’s another sponsor Islamic Development Bank changed its nominee director, which was subject to the approval of the Bangladesh Bank.

Big trade in the block market

According to DSE data, since April this year, a large amount of Islami Bank’s shares have been transacted through the block market.

A total of 14.63 crore shares buy-sell, whose value is Tk477 crore. The TBS identified the seller but did not confirm the buyer.

However, the United Arab Emirates-based BTA Wealth Management, the lone buyer to be identified, bought over 2% stake—3.42 crore units of shares—in the bank at a cost of Tk111 crore as the leading private-sector lender.

On Sunday, Islami Bank’s shares traded for over Tk84 crore in the block market at Tk32.60 each.

Among the foreign sponsors, the Saudi Arabia-based Al-Rajhi Co for Industry and Trade, Islamic Development Bank, and Arabas Travel and Tourist Agency jointly hold a 22.04% stake in Islami Bank.

Among general shareholders, foreign investors own another 24.49% share of the bank till June, which was 20.23% in May.

Besides, four Middle East-based sponsors – Bahrain Islamic Bank, Islamic Development Bank, Kuwait Finance House, and Dubai Islamic Bank – sold off or reduced their holdings in the bank since 2015, stock market sources said.

Islami Bank’s profit increased by 28% year-on-year to Tk616 crore in 2022.

In that year, its earnings per share were Tk3.84, which was Tk2.99 a year ago.

The bank paid a 10% cash dividend to its shareholders for 2022.

In the January-March quarter, its profit fell by 32% year-on-year to Tk57.12 crore.


The ‘Z’ chaos in the stock market

BSEC in November 2020 prohibited stocks category downgrading and the order to the bourses was never repealed. Now it asks DSE to explain why some sick companies were not placed in the “Z” category

Infographic: TBS

Infographic: The Business Standard

Bourses and stock investors, over the last two weeks, have seemed too puzzled to conclude when a listed company should be punished as a so-called “Z” category stock and when it should not be.

They were finding too many deviations between the regulations and the ongoing practices.

At least 23 of the listed firms were clearly deserving of being downgraded to “Z” much earlier last fiscal year, according to the 1 September 2020 notification by the Bangladesh Securities and Exchange Commission (BSEC) that relaxed the criteria for the companies to be placed in the “Z” category.

Surprisingly, each was still trading as superior “A” or “B” category-company shares until the puzzled bourses, responding to some criticism, downgraded five of them on 25 June, creating another sudden shock for the investors as downgrading to “Z” means inconveniences in secondary market trading and a price fall.

On the following day, the BSEC asked the Dhaka Stock Exchange to explain why each of the 23 companies was not regularly reviewed and placed in the “Z” category.

“We have already replied to the regulator’s letter,” said M Shaifur Rahman Mazumdar, acting managing director at DSE.

Following the 2020 regulations change, there had been some confusion regarding downgrading listed companies to “Z” and the DSE had been seeking BSEC approval for downgrading companies to “Z” in eligible cases, he said, declining requests for further details.

TBS, however, saw an unpublished BSEC letter written to both the bourses of Dhaka and Chattogram in November 2020 that prohibited category downgrading, and the order was never repealed later.

This was the key to all the false appearances of sick companies’ categories on the bourses, said officials at the stock exchanges, seeking anonymity.

“The BSEC order barred us from downgrading companies, and now we have to show cause,” said one of them.

The relaxations of 2020 were for the greater interest of the capital market, listed firms, and their investors amid an unusual situation during the pandemic, and they were mainly exempting firms’ accidental tough times in paying dividends, not every single non-compliance, said BSEC Executive Director and Spokesperson Rezaul Karim.

“Seeking explanation is part of the regulator’s daily job, and if the explanations are satisfactory, there should emerge solutions to exceptional problems,” he added.

BSEC also asked both the DSE and the Chittagong Stock Exchange (DSE) on Wednesday to explain why they did not monitor, act on, and report on the Z-category companies.

Since the November letter, no company went to the Z category until 25 June, said DSE-CSE officials.

“What should we report when no company entered into Z?” said one of them.

Listed companies that fail to stay in operations, hold an annual general meeting, or pay dividends within stipulated time used to be categorized as “Z” by the bourses, eying a comparative inconvenience in trading of their shares through allowing no leveraged trading and a longer settlement cycle and, of course, a weaker image among investors.

BSEC, in a September 2021 notification prior to the November, 2020 letter to the bourses, said no cash dividend, negative operating cash flow for two straight years, negative net asset value, no AGM in six months of the fiscal year ending despite no legal complexity, no operations for more than six months despite no factory modernization project could result in downgrading to “Z” with the regulator’s prior approval.

Source: The Business Standard


Navana Pharma to convert 60% of Tk150cr bond into shares

The bond will be issued for five years, and the conversion process will start in the third year

Navana Pharmaceuticals Limited is going to issue a Tk150 crore bond and wants to convert 60% or Tk90 crore of the bond into shares.

The company said in a statement that it will issue the bond for five years, and the conversion process will start in the third year.

As per its plan, the company will convert 20% of the bond into shares each year starting from the third year till the fifth.

To convert into shares, the company will seek shareholders’ approval by holding an extraordinary general meeting (EGM) on 31 July.  After shareholders’ approval, the company will seek the securities regulator’s consent.

The bond amount will be used for repaying its existing bank loans, which totalled to Tk330 crore as of 31 March.

The company has repaid Tk21.18 crore in bank loans out of the Tk75 crore capital it collected from the investors through an initial public offering (IPO) last year.

Meanwhile, Navana Pharma is going to renovate its existing production line instead of setting up new facilities with funds raised from the capital market.

According to the IPO prospectus, Tk23.24 crore was allocated for setting up a new production plant.

But the company now plans to invest Tk25.57 crore for modernisation and expansion of the existing facilities. The rest of the investment will come from its own funds.

In the scheduled EGM, the company will seek shareholders’ approval of its change of IPO utilisation plan too.

Navana Pharmaceuticals shares, having a face value of Tk10 apiece, fell by 2.84% to Tk112.7 at the Dhaka Stock Exchange on Thursday.


মিউচুয়াল ফান্ডের সব ধরনের আয় করমুক্ত

শেয়ারবাজারে অনুমোদিত মিউচুয়াল ফান্ড, এক্সচেঞ্জ ট্রেডেড ফান্ডসহ চার ধরনের তহবিলের যেকোনো ধরনের আয় করমুক্ত থাকবে। নতুন আয়কর আইনে এ বিধান যুক্ত করা হয়েছে। মিউচুয়াল ফান্ড ও এক্সচেঞ্জ ট্রেডেড ফান্ড ছাড়াও বিকল্প বিনিয়োগ তহবিল ও রিয়েল এস্টেট ইনভেস্টমেন্ট ট্রাস্টের যেকোনো ধরনের আয় এ সুবিধা পাবে।

মিউচুয়াল ফান্ড পরিচালনার সঙ্গে যুক্ত একাধিক সম্পদ ব্যবস্থাপক প্রতিষ্ঠানের শীর্ষ নির্বাহী প্রথম আলোকে বলেন, দীর্ঘদিন ধরে মিউচুয়াল ফান্ডের যেকোনো ধরনের আয় করমুক্ত সুবিধা পেয়ে আসছিল।

কিন্তু গত বছর জাতীয় রাজস্ব বোর্ডের (এনবিআর) জারি করা নির্দেশনার কারণে তালিকাভুক্ত কিছু কোম্পানি মিউচুয়াল ফান্ডের প্রাপ্য লভ্যাংশ বিতরণের সময় কর কেটে রাখছিল। এতে এ নিয়ে বিভ্রান্তি দেখা দেয়। নতুন আয়কর আইনে বিষয়টি অন্তর্ভুক্ত করার ফলে এ নিয়ে বিভ্রান্তির অবসান হবে।

এ বিষয়ে ভিআইপিবি অ্যাসেট ম্যানেজমেন্টের প্রধান নির্বাহী কর্মকর্তা শহীদুল ইসলাম প্রথম আলোকে বলেন, নতুন এ সিদ্ধান্তের ফলে এখন থেকে কোনো মিউচুয়াল ফান্ড তালিকাভুক্ত কোনো কোম্পানিতে বিনিয়োগ করে যে লভ্যাংশ পাবে, সে ক্ষেত্রে লভ্যাংশ বিতরণকারী কোম্পানি কোনো কর কেটে রাখতে পারবে না। এর ফলে মিউচুয়াল ফান্ডের আয় বাড়বে। তবে মিউচুয়াল ফান্ডগুলো যখন বিনিয়োগকারীদের লভ্যাংশ বিতরণ করবে, তখন ব্যক্তিশ্রেণির বিনিয়োগকারীদের ক্ষেত্রে ১০ শতাংশ ও কোম্পানি বিনিয়োগকারীর ক্ষেত্রে ২০ শতাংশ কর কেটে রাখবে।

শেয়ারবাজারের মিউচুয়াল ফান্ডের আয়ের কয়েকটি খাত রয়েছে। সেগুলোর মধ্যে উল্লেখযোগ্য হলো ব্যাংকে টাকা রেখে সুদ আয়, তালিকাভুক্ত কোম্পানিতে বিনিয়োগের বিপরীতে লভ্যাংশ আয়, বন্ডে বিনিয়োগের বিপরীতে কুপন বা সুদ আয়। আর তালিকাভুক্ত কোম্পানির শেয়ারে বিনিয়োগ করে মূলধনি আয় বা ক্যাপিটাল গেইন। এখন থেকে এসব আয় পুরোপুরি করমুক্ত থাকবে বলে নতুন আয়কর আইনে বলা হয়েছে।

বাজার পরিস্থিতি

মিউচুয়াল ফান্ডের যেকোনো ধরনের আয়কে করমুক্ত রাখা হলেও বাজারে তালিকাভুক্ত মিউচুয়াল ফান্ডের ক্ষেত্রে তার কোনো প্রভাব দেখা যায়নি গতকালের বাজারে। এদিন লেনদেন হওয়া বেশির ভাগ মিউচুয়াল ফান্ডের ইউনিটের দাম অপরিবর্তিত ছিল। কারণ, এসব ফান্ডের ইউনিটের দাম পুঁজিবাজার নিয়ন্ত্রক বিএসইসির বেঁধে দেওয়া সর্বনিম্ন মূল্যস্তর বা ফ্লোর প্রাইসে আটকে আছে।

ঢাকার বাজারে গতকাল রোববার লেনদেন হওয়া ৩৫৪ প্রতিষ্ঠানের মধ্যে ১৭৬টিরই দাম অপরিবর্তিত ছিল। দাম বেড়েছে মাত্র ৬৪টির আর কমেছে ১১৪টির। এর ফলে এদিন বাজারের সূচক ও লেনদেনও কমেছে। দেশের প্রধান শেয়ারবাজার ঢাকা স্টক এক্সচেঞ্জের(ডিএসই) প্রধান সূচক ডিএসইএক্স ১১ পয়েন্ট কমে দাঁড়িয়েছে ৬ হাজার ৩৪২ পয়েন্টে। দিন শেষে ঢাকার বাজারে লেনদেনের পরিমাণ ছিল ১ হাজার ৩১ কোটি টাকা, যা আগের দিনের চেয়ে ৩৩ কোটি টাকা কম।

সূত্রঃ প্রথম আলো


Interbank dollar rate hits record Tk108, but transactions poor

The country’s foreign currency reserves have dipped to $29.78 billion amid a dollar crisis

Infographic: TBS

Infographic: TBS

The interbank dollar rate, at which one bank sells dollars to another, rose to a record Tk108, but transactions on the platform were poor due to a shortage of greenbacks in the country.

And the country’s foreign currency reserves have dipped to $29.78 billion.

According to data from the central bank, banks on Sunday transacted dollars among themselves between Tk107.30 and Tk108.

The interbank dollar rate had risen to Tk107.65 at its highest earlier.

According to bankers, the interbank dollar rate has risen mainly due to an increase in remittance rates.

Earlier on 30 April, the Association of Bankers Bangladesh (ABB) and Bangladesh Foreign Exchange Dealers’ Association (Bafeda) raised the dollar rate by Tk1 to Tk108 for remitters.

ABB Chairman and Managing Director of Brac Bank Selim RF Hussain told TBS that dollar transactions in the interbank market are now much lower than before.

“One of the reasons for the decrease in dollar transactions in the interbank market is that the dollar market is not yet free-floating. If the market is not free-floating, it is normal for the interbank market to be inactive,” he added.

Earlier, the dollar rate of remittance was Tk107 for about six months, although several banks have brought remittances with higher rates in March.

Since September last year, these two platforms of banks’ managing directors have been fixing the dollar price for export proceeds and remittances.

According to senior officials at several banks, at the beginning of 2022, when there was no dollar crisis in the country, the interbank platform used to see an average daily transaction of $15-25 million.

However, as the dollar crisis intensified in the middle of last year, its interbank transactions started to decrease. Due to an obligation to trade dollars on the interbank platform at its selling rate from the reserves, the transactions almost stopped at one stage, they added.

Later in September, transactions on the interbank platform resumed after the central bank allowed banks to transact at a rate determined based on the rate for remittances.

Senior officials from several private banks, who wished to remain anonymous, have stated that even if the dollar rate of remittance is considered the base rate, it is still much lower than the active market rate. Although a maximum charge of Tk0.50 can be added to the remittance rate.

Besides, banks do not have enough dollars to sell. Due to the dollar crisis, they have reduced the opening of import letters of credit. So banks are now doing interbank dollar transactions on request from other banks. Currently, an average of $1.5-2 million is transacted on this platform every day.

According to a Bafeda report, banks traded $1 million at the rate of Tk107.30 and $50,000 at the rate of Tk108 on the interbank system on Sunday.

Forex reserves stand at $29.78 billion

After clearing the import bills of the Asian Clearing Union (ACU), the country’s foreign currency reserve stood at $29.78 billion on 7 May, according to Bangladesh Bank Spokesperson Md Mezbaul Haque.

He told The Business Standard that the Bangladesh Bank has cleared import bills of $1.18 billion for the ACU.

The ACU payment gateway covers monetary transactions by its nine member countries – Bangladesh, Bhutan, India, Iran, the Maldives, Myanmar, Nepal, Pakistan, and Sri Lanka – for regional imports. The bills are cleared every two months.

Earlier in March, the central bank cleared $1.05 billion in import bills to the union, which brought down the reserves to $31.15 billion.

Source: The Business Standard


1% lower limit lifted, floor re-imposed for the 169 scrips

Infograph: TBS

Infograph: TBS


  • Now the 169 scrips’ prices can fall up to 10% a day until hitting the floor price
  • Of the 168 scrips, one mutual fund was delisted in the meantime
  • Asia Insurance and Far Chemical were added
  • New floor will be equal to the average of closing prices from 26 Feb to 1 Mar
  • But if the previous floor is lower for any of the 169 scrips, that one will be considered as floor

In an effort to end an ineffective downside restriction, the Bangladesh Securities and Exchange Commission (BSEC) reinstated the floor price for 169 small-cap scrips on Wednesday.

On 21 December 2022, the market regulator removed the floor for 168 stocks and restricted their daily fall limit to 1%.

As a result of the repeal of that order, the prices of those scrips can fall up to the regular lower circuit breaker limit – 10% a day – until hitting the floor price.

Of the 168 scrips, one mutual fund was delisted in the meantime, and the regulator added Asia Insurance and Far Chemical, making it a list of 169 scrips in total.

Now, the average of the closing prices of those 169 scrips for four trading sessions – 26 February to 1 March – would be their new floor prices, according to the BSEC’s 1 March order.

But if the previous floor price, that was announced on 28 July last year, is lower than the new floor, then the lower one would be effective, according to the order.

The 169 scrips represent roughly 5% of the market capitalisation of all the listed scrips in the Dhaka Stock Exchange (DSE).

Stockbrokers and investors said the commission’s 21 December move to withdraw the floor from 168 scrips was a blow to a large number of investors, as 100 of those scrips lost their market value as of 1 March, including the 39 that fell by 20%-35%.

The worst part of the fall was investors were unable to exit from the falling knives as there had been no buyers due to the narrow bottom circuit, investors said.

However, 27 of the scrips were above the 28 July floor on 1 March, and the remaining were flat as the minimum tick price gap was higher than 1% of the scrips’ market prices.

The smallest gap between two prices of a share or mutual fund is Tk0.1 in the DSE and CSE.

The floor prices and the narrowed down lower circuit drastically affected the liquidity in the bourses, as investors were deprived of exit opportunities regardless of whether they needed money to withdraw from investment accounts, or to buy any other security.

When buyers wait for a scrip’s price to fall, they refrain from bidding for it. And at an extreme point of pessimism, the number of DSE scrips having bidders dropped drastically to 62, and 337 of the 399 DSE shares, mutual funds and corporate bonds had no buyer.

However, as the regulator on Sunday and Monday busted market rumours that it might withdraw the floor price from another set of scrips, the market started to recover and 138 scrips had bidders during the closing bell on Wednesday.

79 of the 169 scrips came back in active trading, up from only 15 on Sunday, while of the 232 scrips with intact floor, 173 were stuck there and 59 were trading above floor on the day.

How the market performed on Wednesday

Meanwhile, the daily transaction increased to over Tk450 crore, which fell below Tk300 crore a day during the decline last week.

DSEX, the broad-based index of the Dhaka Stock Exchange (DSE), from its recent bottom of 6,175 on Monday morning, hit 6,234 in the middle of Wednesday session. But adamant sellers dragged the index down to even lower than the previous close.

“The market saw mixed reactions as the session began with an upbeat momentum, but the morning optimism faded as risk-averse investors booked profits, enticed by the recent price appreciation of selective issues,” said EBL Securities in its daily market commentary.

DSEX finally closed at 6,214 which was 0.04% lower, and out of the total DSE scrips, 68 advanced and 80 declined.

“However, opportunist investors continued to take positions in beaten down issues with anticipation of quick gains since they expect positive momentum in the market, as the floor price is likely to be intact for the foreseeable future,” added the brokerage firm in its commentary.

On the sectoral front, IT contributed the maximum 16.2% of the DSE turnover, followed by life insurance and food.

As the late hour selloff wiped out the early hour intraday gains, most of the sector displayed mixed returns at the end.

General insurance registered the highest gain of 1.5%, followed by life insurance and tannery.

Paper with 2.4% correction led the losers, followed by travel and jute sectors.

Source: TBS News


আপাতত ফ্লোর প্রাইস প্রত্যাহার হচ্ছে না

পুঁজিবাজারে আপাতত ফ্লোর প্রাইস (শেয়ারদর কমার সর্বনিম্ন সীমা) প্রত্যাহার হওয়ার সম্ভাবনা নেই। গতকাল রাজধানীর আগারগাঁওয়ে সিকিউরিটিজ কমিশন ভবনে প্রধান নির্বাহী কর্মকর্তা (সিইও) ফোরামের প্রতিনিধিদের সঙ্গে অনুষ্ঠিত বাংলাদেশ সিকিউরিটিজ অ্যান্ড এক্সচেঞ্জ কমিশনের (বিএসইসি) বৈঠকে এ বিষয়ে নীতিগত সিদ্ধান্ত নেয়া হয়েছে। সিদ্ধান্ত অনুসারে, বাজার স্বাভাবিক অবস্থানে না আসা পর্যন্ত ফ্লোর প্রাইস প্রত্যাহার করা হচ্ছে না।

বিএসইসি চেয়ারম‌্যান অধ‌্যাপক শিবলী রুবাইয়াত-উল-ইসলামের সভাপতিত্বে অনুষ্ঠিত এ বৈঠকে পুঁজিবাজারের বর্তমান পরিস্থিতি নিয়ে করণীয় নির্ধারণ করতে বিভিন্ন বিষয়ে আলোচনা হয়।

বৈঠকের বিষয়ে বাংলাদেশ মার্চেন্ট ব্যাংকার্স অ্যাসোসিয়েশনের (বিএমবিএ) সভাপতি ও ইবিএল সিকিউরিটিজের সিইও গণমাধ‌্যমকে জানান, আপাতত ফ্লোর প্রাইস তুলে দেয়া হচ্ছে না। বিনিয়োগকারীদের আতঙ্কিত হওয়ার কিছু নেই। পুঁজিবাজারে লেনদেনে গতি ফিরলেই ফ্লোর প্রাইস প্রত‌্যাহার করে নেয়া হবে।

বৈঠকে অংশ নেয়া একজন জানান, এখনই ফ্লোর প্রাইস তুলে দেয়ার ব্যাপারে কমিশনে কোনো আলোচনা হয়নি। সূচক ৬ হাজার ৭০০ অতিক্রমের পর ফ্লোর প্রাইস তুলে নেয়া হতে পারে।

পুঁজিবাজারে ধারাবাহিক দরপতন থামাতে গত বছরের ২৮ জুলাই ফ্লোর প্রাইস আরোপ করে বিএসইসি। পরে ওই বছরের ২১ ডিসেম্বর ১ শতাংশ সার্কিট ব্রেকার আরোপ করে ১৬৯ কোম্পানি ও মিউচুয়াল ফান্ডের ফ্লোর প্রাইস প্রত্যাহার করা হয়। নিয়ন্ত্রক সংস্থাটির জারি করা আদেশ অনুসারে, এসব কোম্পানির শেয়ারদর দিনে সর্বোচ্চ ১ শতাংশ পর্যন্ত কমতে পারছে।  অন্যদিকে এ কোম্পানিগুলোর শেয়ারদর বাড়ার ঊর্ধ্বসীমা ২০১৯ সালের ১৪ নভেম্বর জারি করা নির্দেশনা অনুসারে কার্যকর হচ্ছে। অর্থাৎ শেয়ারদর ২০০ টাকা পর্যন্ত ১০ শতাংশ হারে সার্কিট ব্রেকার প্রযোজ্য আছে। আর শেয়ারদর ২০১ থেকে ৫০০ টাকার মধ্যে হলে ৮ দশমিক ৭৫ শতাংশ সার্কিট ব্রেকার এবং ৫০১ থেকে ১ হাজার টাকা পর্যন্ত শেয়ারদর থাকলে সেক্ষেত্রে সার্কিট ব্রেকার ৭ দশমিক ৫ শতাংশ কার্যকর রয়েছে। এছাড়া শেয়ারদর ১ হাজার টাকার বেশি এবং ২ হাজার টাকা পর্যন্ত ৬ দশমিক ২৫ শতাংশ হারে, ২ হাজার টাকার ওপরে এবং ৫ হাজার টাকা পর্যন্ত ৫ শতাংশ এবং ৫ হাজার টাকার বেশি হলে ৩ দশমিক ৭৫ শতাংশ হারে সার্কিট ব্রেকার কার্যকর রয়েছে।

পুঁজিবাজার পরিস্থিতি: গতকাল ঢাকা স্টক এক্সচেঞ্জের (ডিএসই) প্রধান সূচক ডিএসইএক্স ১৭ দশমিক ৭৫ পয়েন্ট বেড়ে ৬ হাজার ২১৭ পয়েন্টে দাঁড়িয়েছে, যা আগের দিন ছিল ৬ হাজার ১৯৯ পয়েন্টে। ডিএসইর শরিয়াহ সূচক ডিএসইএস গতকাল ৩ দশমিক ২৮ পয়েন্ট বেড়ে ১ হাজার ৩৫৯ দশমিক ৬৬ পয়েন্টে অবস্থান করছে, যা আগের দিন ছিল ১ হাজার ৩৫৬ দশমিক ৩৮ পয়েন্টে। ব্লু-চিপ সূচক ডিএস-৩০ দিনের ব্যবধানে ২ দশমিক ২১ পয়েন্ট বেড়ে গতকাল ২ হাজার ২২০ দশমিক ৯৮ পয়েন্টে দাঁড়িয়েছে, আগের দিন শেষে যা ছিল ২ হাজার ২১৮ দশমিক ৭৭ পয়েন্টে। গতকাল ডিএসইতে লেনদেন হয়েছে ৪২০ কোটি ৬৬ লাখ টাকারা শেয়ার। আগের দিন এ লেনদেন ছিল ২৬১ কোটি ৭৩ লাখ টাকা। গতকাল ডিএসইতে লেনদেন হওয়া ৩০৮টি কোম্পানি, মিউচুয়াল ফান্ড ও করপোরেট বন্ডের মধ্যে দিন শেষে দর বেড়েছে ১০৬টির, কমেছে ৫৬টির আর অপরিবর্তিত ছিল ১৪৬টি সিকিউরিটিজের বাজারদর।

অন্যদিকে চিটাগং স্টক এক্সচেঞ্জের (সিএসই) নির্বাচিত সূচক সিএসসিএক্স গতকাল ১৫ দশমিক ৩০ পয়েন্ট বেড়ে ১০ হাজার ৯৮৫ দশমিক ৪১ পয়েন্টে দাঁড়িয়েছে, আগের কার্যদিবসে যা ছিল ১০ হাজার ৯৭০ দশমিক ১০ পয়েন্টে। সিএসইর সব শেয়ারের সূচক সিএএসপিআই গতকাল ২৭ দশমিক ২৮ পয়েন্ট বেড়ে ১৮ হাজার ৩২৬ দশমিক শূন্য ২ পয়েন্টে দাঁড়িয়েছে। আগের কার্যদিবসে সূচকটির অবস্থান ছিল ১৮ হাজার ২৯৮ দশমিক ৭৪ পয়েন্টে। এদিন এক্সচেঞ্জটিতে লেনদেন হওয়া ১৩৭টি কোম্পানি ও মিউচুয়াল ফান্ডের মধ্যে দর বেড়েছে ৪৬টির, কমেছে ৪০টির আর অপরিবর্তিত ছিল ৫১টির বাজারদর। গতকাল সিএসইতে ৪ কোটি ৭৭ লাখ টাকার সিকিউরিটিজ হাতবদল হয়েছে, আগের কার্যদিবসে যা ছিল ৯ কোটি ২৬ লাখ টাকা।

সূত্রঃ বনিক বার্তা