Stocks
Life Insurance Sector Tops Share Market Returns
Life insurance investors have achieved the highest returns in the country’s stock market during the first six months of the year (January ’23 – June ’23). On the other hand, financial institutions have experienced the lowest returns, according to a report by Green Delta Dragon Asset Management.
The data reveals that life insurance has provided investors with a remarkable return of 23.20% during the period from January to June of the current year.
In terms of offering the highest returns, travel and tourism accounts hold the second position. Investors in this sector have obtained a return of 16.70% over the past six months. Cement accounts secure the third spot on the list, providing investors with a return of 15.50% during the first half of the year.
Food and commodity investors have achieved a return of 11.40% until June. General insurance accounts provided a return of 9.30%, while IT investments yielded a return of 9.20% during this time. Leather accounts delivered a return of 9.10% to investors.
According to information from Green Delta Dragon Asset Management, service and housing accounts provided investors with a return of 8.10% during the first six months of the year. Meanwhile, bank accounts yielded a return of 6.30%. Telecommunication transactions outperformed others by offering investors a remarkable return of 5.80%.
In addition, paper and printing accounts provided a return of 5.70%, miscellaneous accounts yielded a return of 5.10%, jute accounts delivered a return of 2.40%, engineering accounts provided a return of 2.10%, clothing accounts offered a return of 1.50%, and fuel accounts gave investors a return of up to 0.90%.
On the other hand, four institutions disappointed investors during the first six months of the year. These institutions include financial institutions, ceramics, pharmaceuticals and chemicals, and mutual funds. Investors in these four sectors did not receive any returns during this six-month period.
The underperformance of these institutions has left investors disillusioned during the first half of the year. Financial institutions, ceramics, pharmaceuticals and chemicals, and mutual funds have failed to generate any returns for investors in this time frame.
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.
