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Stock turnover continues to fall

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The turnover at the Dhaka Stock Exchange (DSE) fell today, but the prime index rose slightly although most of the stocks struggled the whole day to get buyers amid thin participation of investors.

The turnover, an important indicator of the stock market, fell 7.85pc to Tk 1,666 crore.

The DSEX, the benchmark index of the DSE, edged up 12 points, or 0.19pc, to 6,564.

The DS30, the index that consists of blue-chip companies, edged down 0.38pc to 2,365, while the DSES, the shariah-based index, was up 0.02pc at 1,436.

Among the tradable stocks, 131 advanced, 78 declined and 166 remained the same.

Associated Oxygen topped the gainers’ list with a 10pc rise.

The Peninsula Chittagong, ADN Telecom, Fareast Islami Life Insurance, and Lub-rref (Bangladesh) also rose over 9pc.

Jute Spinners suffered the highest correction, sliding 7.98pc. Kohinoor Chemicals, International Leasing Financial Services, Orion Infusion, and Union Capital also declined more than 4pc.

The Caspi, the all-share price index of the Chattogram Stock Exchange, increased 25 points, or 0.13pc to end at 19,344.

Of the issues that traded on the port city bourse, 91 advanced, 63 declined, and 107 did not show any price movement.

 

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Index on Negative, Turnover shows slight Gain on DSE

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Dhaka Stock Exchange DSE, Bourses on the first working day of the week, March 27, ended with price index  drops & turnover hikes.

This information is known from DSE sources.

317 crores 60 lakh shares were traded in DSE on this day. 30 crores 62 lakhs more trading was done in DSE today compared to the previous workday, 23 March, Shares worth Tk 286 crores 97 lakh shares were traded in DSE last time, Thursday.

The benchmark index DSEX dropped 11.38 points or 6,203. The Shariah-based index DSES shed 3.56 points or 1,349, and the blue-chip index DS30 lost 2.60 points or 2,215.

Of the issues traded, 28 advanced, 72 declined, and 183 remained unchanged.

Legacy Footwear Limited ranked top gainer on DSE, the share price increased by Tk 5.6 paisa or 9.96 percent. On this day, the share was last traded at Tk 61.80 paisa.

On the other hand, Islamui Commercial Insurance Company Ltd ranked top loser on the DSE, the share price dropped by Tk 1.3 paisa or 4.71 percent. On this day, the share was last traded at Tk 26.30 paisa.

DSE topped on trade Unique Hotel & Resorts PLC 41 crores 52 lakh 86 thousand takas of shares of the company have been traded.

A total of 52 companies’ shares were traded in the Block on Dhaka Stock Exchange, 25 lakh 74 thousand 877 shares of the companies were traded. The financial value of which is 18 crore 76 lakh taka.

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Salvo Chemical discloses Q2 Financials

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One of the listed companies, Salvo Chemical Industry Limited, discloses its financial reports for the second quarter, (October-December 22). This source is known from DSE.

The company’s earnings per share (EPS) was Tk 0.37 paisa in Q2 of the current financial year. EPS was Tk 0.80 paisa during the same period last year. As of December 31, 2022, net asset value (NAVPS) was loss of  Tk 15.42 paisa.

The company reported  EPS has been decreased due to increase in costs because of high raw material price in local and import prices, currency devaluation and increase in energy price which adversely affected overall profitability of the Company.

/NR

 

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Prime Islami Life Insurance releases its Dividends

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One of the Listed Companies, Prime Islami Life Insurance Limited has recommended 2 percent cash Dividend to its investors for the Financial Year ending December 31, 2022.

This source is known from DSE.

The Annual General Meeting (AGM) of the company will be held on May 29 through the digital platform. The record date for this has been fixed at April 17.

/NR

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