Stocks
DSE indices weekly gains
DSEX, the broad index of the Dhaka Stock Exchange (DSE), progressed 57 points or 0.9pc in the exchanging week from 2 October to 6 October, although stocks were traded in four days as the market was closed one day due to a government holiday.
On a daily basis, the average turnover decreased by 9.7pc to Tk1,319.54 crore last week from Tk1,461.23 crore in the previous week.
Hence, the total market capitalization increased by 0.34pc to Tk5,21,676 crore.
In the week before last, the equity indices on the DSE encountered corrections as investors decided to realize profits from the recently rallied stocks and stay on the sidelines ahead of upcoming earnings declarations.
“The indices of the DSE marked steady gains throughout the week as investors looked out for particular sector-specific stocks with the expectation of quick gains, while a majority of stocks were stuck at the floor prices without potential buyers, gradually reducing the turnover in the market,” says EBL Securities in a weekly comment.
“Moreover, recent disclosures regarding declining export and remittance inflows along with a widening trade deficit have soared the investors’ concerns regarding the market outlook, prompting them to stay watchful on the trading floor,” reads the report.
Investors were active primarily in the pharmaceutical & chemicals sector, which contributed 18pc to the total turnover, followed by the engineering sector contributing 16.7pc, and the miscellaneous sector adding 15.2pc.
The jute sector led the highest sectoral gain with 5.5pc, while the travel sector showed the highest correction of 3.4pc.
At the end of the week, the average price-to-earnings (PE) ratio on the DSE stood at 14.98, which was 0.5pc higher than 14.91 a week ago.
Dhaka Stock Market DSE, Bourse on the second working day of the week, 30th September, ended with a negative performance in Indices and a hike in Turnover from the previous working session. This information is known from DSE sources.
503 crore 90 lakh taka shares were traded on this day. 22 crore 58 lakh more tradings were done in DSE today compared to the previous workday, 29th September, Shares worth Tk 481 crores 31 lakh shares were traded last time, Sunday.
The benchmark DSEX lost 33.61 points or 5,624 The Shariah-based index DSES dropped 7.36 point or 1,263 and the blue-chip index DS30 decreased by 9.57 points or 2,053.
Of the issues traded, 72 advanced, 299 declined and 25 remained unchanged.
Shahjibazar Power Company Limited ranked top gainer on DSE, the share price increased by Tk 4.00 paisa or 9.76 percent. On this day, the share was last traded at Tk 45.00 paisa.
Dhaka Electric Supply Company Limited ranked top loser on the DSE, the share price dropped by Tk 1.80 paisa or 7.56 percent. On this day, the share was last traded at Tk 22.00 paisa.
DSE topped on trade is Pragati Life Insurance Limited 25 crore 35 lakh takas of company shares have been traded.
A total of 27 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 50 lakh 42 thousand 956 shares of the companies were traded. The financial value of which is 65 crore 60 lakh taka
One of the Listed companies, National Polymer Limited has recommended 10.50% Cash Dividend for the year ended June 30, 2024.
It has reported Consolidated EPS of Tk 2.27 paisa, and Consolidated NAV per share of Tk 30.63 for the year ended March 31, 2024.
The Annual General Meeting (AGM) of the company will be held on December 18, through the digital platform. The record date for this has been fixed at October 22.
The Company also discloses its financial reports for the second quarter, (April – June 24).
As per the company’s consolidated life revenue account for April to June 2024, the excess of total income over total expenses, including claims (surplus), stood at Tk 1,394.24 million. This marks a significant increase from the surplus of Tk 823.68 million during the same period in 2023.
For the first half of 2024, from January to June, the company reported a surplus of Tk 2,177.57 million, compared to Tk 1,290.39 million in the corresponding period of the previous year.
Additionally, the Life Insurance Fund balance as of June 30, 2024, reached Tk 55,188.62 million, showing a net increase of Tk 5,892.25 million from Tk 49,296.37 million on June 30, 2023.
One of the Listed companies, Beacon Pharmaceuticals PLC has recommended 20% Cash dividend and 10% Cash Dividend to Sponsor Shareholder and Directors for the year ended June 30, 2024.
It has reported EPS of Tk 2.26 paisa, and NAV per share of Tk. 26.37 for the year ended June 30, 2024.
The Annual General Meeting (AGM) of the company will be held on December 23, through the digital platform. The record date for this has been fixed at October 27.
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