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 Market DSE, Bourse on the last working day of the week, 25th July, ended with a hike in Indices and Turnover from the previous working session. This information is known from DSE sources.
497 crore 34 lakh taka shares were traded on this day. 337 crore 97 lakh more tradings were done in DSE today compared to the previous workday, July 24th, Shares worth Tk 159 crores 37 lakh shares were traded last time, Wednesday.
The benchmark DSEX increased 62.81 points or 5,413 The Shariah-based index DSES added 13.81 points or 1,183 and the blue-chip index DS30 gained by 24.25 points or 1,932.
Of the issues traded, 286 advanced, 66 declined and 40 remained unchanged.
Techno Drugs Limited ranked top gainer on DSE, the share price increased by Tk 3.80 paisa or 9.87 percent. On this day, the share was last traded at Tk 42.30 paisa.
Rangpur Foundry Limited ranked top loser on the DSE, the share price dropped by Tk 5.40 paisa or 2.98 percent. On this day, the share was last traded at Tk 175.70 paisa.
DSE topped on trade is Square Pharmaceuticals PLC 35 crore 9 lakh takas of company shares have been traded.
A total of 28 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 82 lakh 94 thousand 29 shares of the companies were traded. The financial value of which is 21 crore 92 lakh taka
One of the listed companies, Eastland Insurance Company Limited discloses its financial reports for the second quarter, (April – June 24).
The company’s earnings per share (EPS) Tk 0.27 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.41 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. NAV per share was Tk. 20.85 as of June 30, 2024.
One of the listed companies, Shahjalal Islami Bank PLC discloses its financial reports for the second quarter, (April – June 24).
The company’s Consolidated earnings per share (EPS) Tk 1.50 paisa in Q2 of the current financial year (April – June 24). Consolidated EPS was Tk. 1.50 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. Consolidated NAV per share was Tk. 20.85 as of June 30, 2024.
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