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 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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