Stocks
Stocks inch up after choppy trading
Stocks closed marginally higher Wednesday, after a three-day losing streak, as bargain hunters showed their buying interest on selective issues.
The market opened on a positive trend and the key index of the premier bourse rose 30 points in the first half of the trading session. But, selling pressures at the last moment wiped out most of the early gains.
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), finally went up by 7.34 points or 0.11pc to settle at 6,496, after losing almost 75 points in the past three days.
Turnover, a crucial indicator of the market, dropped to Tk 14.84 billion on the premier bourse, which was 0.67pc lower than the previous day’s tally of Tk 14.94 billion.
Two most-traded firms Beximco and Orion Pharma jointly captured almost 21pc of the day’s total turnover.
Market operators said the market witnessed high volatility as investors were active on both sides of the trading fence.
The bargain hunters showed their buying interest on selective issues after the three days’ fall, said the stockbroker.
Despite the bullish trend in the morning session, the stocks went down after the mid-session due to the sale pressures of cautious investors, he said.
Most of the traded issues, however, remained unchanged due to the ‘floor price’ restriction and over 150 companies did not find buyers.
Of the 371 issues traded, 114 declined, 71 advanced and 186 others remained unchanged on the DSE trading floor.
Two other indices edged higher. The DS30 index, comprising blue chips, gained 6.72 points to 2,323 and the DSE Shariah Index (DSES) rose 2.16 points to 1,415.
Beximco became the most-traded stock with shares worth Tk 1.57 billion changing hands, closely followed by Orion Pharma (Tk 1.49 billion).
Eastern Cables was the day’s top gainer, soaring 9.95pc while Desh General Insurance Company was the worst loser, losing 5.34pc.
The Chittagong Stock Exchange (CSE) also edged higher with the CSE All Share Price Index (CASPI) rising 16 points to settle at 19,180 and its Selective Categories Index (CSCX) gaining 10 points to close at 11,496.
Of the issues traded, 80 declined, 55 advanced and 111 issues remained unchanged.
The port-city bourse traded 36.32 million shares and mutual fund units with a turnover value of Tk 1.01 billion.
Dhaka Stock Exchange DSE, Bourse on the last working day of the week, April 18th, ended with a drop in Indices and hike in Turnover from the previous working session. This information is known from DSE sources.
522 crore 51 lakh taka shares were traded on this day. 39 crore 97 lakh more tradings were done in DSE today compared to the previous workday, 17th April , Shares worth Tk 482 crores 53 lakh shares were traded last time, Wednesday.
The benchmark DSEX lost 77.08 points or 5,686 The Shariah-based index DSES dropped 15.85 points or 1,246, and the blue-chip index DS30 decreased by 22.77 points or 1,984.
Of the issues traded, 29 advanced, 342 declined and 24 remained unchanged.
Asiatic laboratories Limited ranked top gainer on DSE, the share price increased by Tk 4.60 paisa or 9.96 percent. On this day, the share was last traded at Tk 50.80 paisa.
Far East Finance & Investment Limited ranked top loser on the DSE, the share price dropped by Tk 0.30 paisa or 6.97 percent. On this day, the share was last traded at Tk 4.00 paisa.
DSE topped on trade is Asiatic Laboratories Limited 39 crore 22 lakh takas of company shares have been traded.
A total of 40 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 47 lakh 25 thousand 651 shares of the companies were traded. The financial value of which is 17 crore 46 lakh taka
One of the listed companies, Agni Systems limited discloses its financial reports for the third quarter, (January – March 24).
The company’s earnings per share (EPS) was Tk 0.32 paisa in Q3 of the current financial year (January – March 24). EPS was Tk 0.27 paisa during the same period last year. NAV per share was Tk. 16.37 as of March 31, 2024.
One of the Listed companies, Dutch Bangla Bank PLC has recommended 17.5% Cash Dividends & 17.5% Stock Dividends for the year ended December 31, 2023.
In terms of financial performance, The Company has further informed Consolidated EPS of Tk. 10.72 for the year ended December 31, 2023. The Company has also reported Consolidated NAV per share of Tk. 64.41 for the year ended December 31, 2023.
The Annual General Meeting (AGM) of the company will be taking place on June 09, through the digital platform. The record date for this has been fixed at May 9.
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