Stocks
DSEX inches up amid fair increase in turnover
With investors’ increased appetite for a wide range of stocks that have been in a remedy stage for the last couple of sessions, DSEX, the broad-based index of the Dhaka Stock Exchange (DSE) inched up 0.14pc on Tuesday to close at 6,537 points.
The blue-chip index DS30 and Shariah index DSES inched down as investors booked profits from most of the selective stocks after some quick gains in a week.
“The market has been witnessing jerky rides as investors are watchful due to recent upward momentum in the market,” wrote EBL Securities in its daily market commentary.
Moreover, investors were unable to settle for particular sector-specific stocks since they were focusing on reshuffling their portfolios due to having expectations from the upcoming earnings declarations, it added.
Meanwhile, the Dhaka bourse also observed a slight increase in participation while the total turnover increased by 8.8pc to Tk1,480 crore.
Pharmaceuticals, miscellaneous, and engineering sectors contributed a maximum of 20.2pc, 19.7pc, and 10.4pc of the daily turnover respectively.
Most of the sectors displayed mixed returns, while jute, ceramic, and IT, having comparatively smaller market capitalizations, gained the most – 7.4pc, 2pc, and 1.8pc respectively.
Services and real estate, cement, and pharmaceuticals suffered the highest corrections of 1.9pc, 0.6pc, and 0.5pc respectively.
As many as 129 scrips advanced in the DSE against declines of 108, while the price of 140 scrips remained unchanged.
CSCX and CASPI, the broad-based indices in the Chittagong Stock Exchange, closed 0.2pc higher while turnover in the port-city bourse increased by 25pc to Tk35 crore.
Dhaka Stock Exchange DSE, Bourse on the last working day of the week, April 25th, ended with a massive drop in Indices and Turnover from the previous working session. This information is known from DSE sources.
511 crore 43 lakh taka shares were traded on this day. 91 crore 31 lakh less tradings were done in DSE today compared to the previous workday, 23rd April , Shares worth Tk 602 crores 74 lakh shares were traded last time, Wednesday.
The benchmark DSEX lost 60.48 points or 5,518 The Shariah-based index DSES dropped 12.29 points or 1,217, and the blue-chip index DS30 decreased by 10.17 points or 1,974.
Of the issues traded, 69 advanced, 300 declined and 27 remained unchanged.
ADN Telecom Limited ranked top gainer on DSE, the share price increased by Tk 9.60 paisa or 8.66 percent. On this day, the share was last traded at Tk 120.50 paisa.
Bata Shoe Company Bangladesh Limited ranked top loser on the DSE, the share price dropped by Tk 36.9 paisa or 3.77 percent. On this day, the share was last traded at Tk 941.00 paisa.
DSE topped on trade is Orion Infusion Limited 31 crore 69 lakh takas of company shares have been traded.
A total of 35 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 26 lakh 36 thousand 734 shares of the companies were traded. The financial value of which is 16 crore 61 lakh taka
One of the Listed companies, Bangladesh National Insurance Company Limited has recommended 20% Cash Dividend for the year ended December 31, 2023.
In terms of financial performance, The Company has also reported EPS of Tk. 4.04 for the year ended December 31, 2023. The Company has also reported NAV per share of Tk 26.28 paisa for the year ended December 31, 2023.
The Annual General Meeting (AGM) of the company will be held on June 25, through the digital platform. The record date for this has been fixed at May 27.
One of the Listed companies, Bata Shoe Limited has recommended 105% Final Cash Dividend (Total 435% Cash Dividend for the year ended December 31, 2023 inclusive of 330% Interim Cash Dividend, which has already been paid) for the year ended December 31, 2023
In terms of financial performance, The Company has also reported EPS of Tk. 29.31 for the year ended December 31, 2023. The Company has also reported NAV per share of Tk 237.93 paisa for the year ended December 31, 2023.
The Annual General Meeting (AGM) of the company will be held on July 16, through the digital platform. The record date for this has been fixed at May 16.
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