• Thursday, Dec 03, 2020
  • Last Update : 01:37 am

Zeal Bangla’s share trading resumes on Sunday

  • Published at 09:36 pm October 31st, 2020
Zeal Bangla Sugar Mills Limited

Earlier on September 14, the stock market regulator had suspended share trading of the company

The Bangladesh Securities and Exchange Commission (BSEC) has decided to resume the trading of Zeal Bangla Sugar Mills Ltd shares from Sunday.

Earlier on September 14, the stock market regulator had suspended share trading of the company after the watchdog detected anomalies in the trading of the companies’ shares.

Later, Zeal Bangla Sugar Mills extended suspension of trading on the bourse until October 29.

Regarding trading suspension of the company, BSEC asked bourses to comply with Provision 9(7) of the Securities Ordinance, 1969, where it said that the suspension of a company would be in effect until further order.

Recently, prices of junk and low capital stocks have also kept rising abnormally at the DSE.

Share prices of the state-owned company rose to Tk200 in August, although the company declared no dividend for the last 10 years.

Analyzing DSE data, this Dhaka Tribune correspondent found prices of quality stocks such as Grameenphone, British American Tobacco Bangladesh, Square Pharma, and Brac Bank falling.

On the other hand, share prices of fundamentally weak and low cap company Zeal Bangla rose significantly.

Share prices of Zeal Bangla closed at Tk213 per share on the last trading day.

Shares of the company trading under Z-category are also known as junk shares.

The government holds 51% share of Zeal Bangla, while other institutions hold a stake of 13.93%, and general investors the remaining 35.07% of shares in the company.

The company was listed on the Dhaka Stock Exchange in 1988. Its paid-up capital is Tk6 crore.

51
50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail