Stocks
Bullish Trend on DSE as Index, Turnover Surge after lifting Floor Price, Reversing Sunday’s Market Sentiment
Dhaka Stock Exchange DSE, Bourse on the second working day of the week, January 22, ended with price Index & turnover hikes. This information is known from DSE sources.
The regulator Bangladesh Securities and Exchange Commission (BSEC) removed the floor price from all but 35 scrips on Sunday morning after nearly 18 months. The index and Turnover started to hike from the early morning session, Yesterday the primary index DSEX lost 96 points. However, the benchmark DSEX added 110 points.
After lifting the floor price, turnover achieved a significant gain. Consequently, after 127 working days, turnover records trading of more than Tk 1,040 crore shares.
1 thousand 42 crore 22 lakh taka shares were traded on this day. 453 crore 35 more tradings were done in DSE today compared to the previous workday, 21 January, Shares worth Tk 588 crores 87 lakh shares were traded last time, Sunday.
The benchmark DSEX added 14.05 points or 6,254 The Shariah-based index DSES gained 6.58 points or 1,380, and the blue-chip index DS30 increased by 10.45 points or 2,147.
Of the issues traded, 207 advanced, 145 declined and 40 remained unchanged.
The Dacca Dyeing & Manufacturing Company Limited ranked top gainer on DSE, the share price increased by Tk 1.20 paisa or 10.00 percent. On this day, the share was last traded at Tk 13.20 paisa.
BBS Cables Limited ranked top loser on the DSE, the share price dropped by Tk 4.50 paisa or 10.00 percent. On this day, the share was last traded at Tk 40.50 paisa.
DSE topped on trade is BD Thai ALuminium Limited 32 crore 83 lakh takas of shares of the company have been traded.
A total of 56 companies’ shares were traded in the Block on the Dhaka Stock Exchange, 58 lakh 53 thousand 65 shares of the companies were traded. The financial value of which is 40 crore 77 lakh taka.
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.
