Stocks
Turnover Plunges, Index Diverges, yet Market Capitalization Soars, says DSE Weekly Reports
Weekly Dhaka Stock Exchange, DSE, Dhaka Bourse has seen a drops in turnover & hikes in Market Capitalization. On the other hand, Index performed mixed. This information was disclosed in the weekly market review from the DSE
According to sources, (5 working days) the turnover of DSE dropped by Tk 277 crore 67 lakh 28 thousand 953 (14 May – 18 May). At the same time, the turnover has gained by 4 housand 531 crore 11 lakh 62 thousand 885 taka.
The benchmark index ‘DSEX’ increased by 17.77 points or 0.28 percent, in the outgoing week. At the end of the week, the index stands at 6,290 points. The Shariah-based index ‘DSES’ dropped 3.75 points or 0.27 percent and therefore the index stands at 1,368 points. The blue-chip index ‘DS30’ gained 0.93 points or 0.04 percent, hence the index stands at 2,195 points.
Shares and units worth 3 thousand 957 crore 35 lakh 53 thousand 591 taka were traded in Dhaka Stock Exchange. At the end of the week, the market capitalization stood at 7 lakh 66 thousand 106 crore 74 lakh 95 thousand 371 taka.
Shares and units of 402 companies were traded on DSE during the week. Of these, 205 shares were unchanged, 74 companies declined, and 109 companies advanced.
Bangladesh Shipping Corporation has ranked at the top of weekly trading on DSE. It is known that 1 crore 34 lakh 80 thousand 996 shares of the company were traded throughout the week. Its market value is 178 crore 59 lakh 25 thousand takas.
Read More: Weekly Bourse Performed Mixed
Trust Islami Life Insurance Limited has ranked at the top of weekly gainers on DSE. It is known that the share traded a total of Tk 44 thousand, which is an average of 8 thousand 800 per day. The share has risen 27.70 pc to its highest price.
National Tea Company Limited has ranked at the top of weekly losers on DSE. It is known the share traded a total of Tk 2 crore 18 lakh 89 thousand, which is an average of 43 lakh 77 thousand 800 shares per day. The share has dropped 15.68 percent lowest in the last week.
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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.
