The country’s stock market has fallen throughout the last week. 62 percent of the companies participating in the main stock market Dhaka Stock Exchange (DSE) have been placed in the price reduction list. Even in such a falling market, some companies have shown strength in raising prices. Of these, Esquire Knit Composite has shown the most strength.
A section of investors are interested in investing in the company’s shares. In this, the main stock market Dhaka Stock Exchange has occupied the top position of price increase. Over the course of the week, the company’s share price has collectively increased by over Rs 78 crore.
Shares and units of 121 companies participating in the DSE trade rose during the last week. On the contrary, the price of 247 has decreased. And the price of 30 remains unchanged. In this, the main price index of DSE decreased by 62.30 points. And the market capital decreased by 4 thousand 452 crores.
Shares of Esquire Net Composite have risen 22.92 percent over the past week in this bearish market. The price of each share has increased by Rs 5 80 paise. The share price of the company increased by 78 crore 23 lakh 95 thousand taka in a week. At the end of the last working day of the week, the share price of the company stood at 31 10 paise, which was 25 30 paise at the end of the last working day of the previous week.
The company, which has seen such a surge in share price, last paid a 10 percent cash dividend to investors in the year ended June 30, 2023. Earlier, the company paid 10 percent cash dividend in 2022, 15 percent cash dividend in 2021, 15 percent cash dividend in 2020 and 15 percent cash dividend in 2019.
The paid up capital of the company listed in the stock market in 2019 is 134 crore 89 lakhs. And the number of shares is 13 crore 48 lakh 95 thousand 833. 46.95 percent shares are held by entrepreneurs and managers. Of the remaining shares, general investors hold 12.34 percent and institutional investors hold 40.71 percent.
Meanwhile, a part of the investors did not want to sell the shares of the company even though the price increased from time to time. As a result, the company’s shares were traded for only 6 crore 6 lakhs during the week. And every working day average transaction was 1 crore 51 lakh taka.
Munnu Fabrics was the last week’s gainer after Esquire Knit Composite. The share price of this company increased by 19.67 percent during the week. Central Insurance is next with a price hike of 18.45 percent.
Besides, in the list of top 10 companies with price increase last week – 17.06 percent of Queen South Textile, 16.88 percent of VFS Thread Dyeing, 14.58 percent of AFC Agro, 14.42 percent of HR Textile, 12.94 percent of Sunlife Insurance. per cent, Active Fine increased by 11.45 per cent and Gemini Sea Food by 11.25 per cent.
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