The shares of eight companies of the financial institution sector came below face value for a long time.
Some of these companies reported losses in latest quarterly reports and annual reports for the year ended on December 31, 2018.
Of the companies, the shares of the Bangladesh Industrial Finance Company (BIFC) have been traded below face value since April 8, 2018.
The company's share price came down below face value of Tk 10 and closed at Tk 9.60 each on April 8, 2018.
Later, the company's share price declined for different periods and finally closed at Tk 2.80 each on Sunday.
According to DSE information, the company incurred loss for last three years including 2018.
The company reported a loss of 2.07 per share for April-June 2019 as against the loss of Tk 1.65 per share for April-June 2018.
The share price of Fareast Finance & Investment closed at Tk 3.10 each on Monday.
The company's share closed at Tk 10 each on March 4, 2018. On the following day, the share price witnessed more correction and went down below face value and closed at Tk 9.30 each.
Later, the price of the shares declined for several periods but failed to cross the face value of Tk 10.
The company reported EPS of Tk. 0.81 for the year ended on December 31, 2018 against the loss of Tk 5.72 per share for the same period of the previous year.
Later, the company reported a loss of Tk 2.93 per share for January-March 2019 as against the loss of Tk 0.04 for January-March 2018.
The shares of International Leasing & Financial Services are also being traded below face since July 2 last.
Finally, the company's share price closed at Tk 5.80 each on Monday.
The company reported consolidated EPS was Tk. 0.01 for April-June 2019 as against Tk. 0.08 for April-June 2018.
The shares of Premier Leasing & Finance have been traded below face value since June 26, 2019. The shares of Prime Finance & Investment and Union Capital are also being traded below face value.
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