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 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.
