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 Exchange DSE, Bourse on the fourth working day of the week, 15th May, ended with a drop in Indices and Turnover from the previous working session. This information is known from DSE sources.
526 crore 33 lakh taka shares were traded on this day. 138 crore 3 lakh less tradings were done in DSE today compared to the previous workday, 14th May , Shares worth Tk 664 crores 36 lakh shares were traded last time, Tuesday.
The benchmark DSEX lost 58.22 points or 5,527 The Shariah-based index DSES dropped 12.79 points or 1,212, and the blue-chip index DS30 decreased by 14.14 points or 1,977.
Of the issues traded, 61 advanced, 301 declined and 33 remained unchanged.
Reliance One the first scheme of Reliance Insurance Mutual Fund ranked top gainer on DSE, the share price increased by Tk 1.50 paisa or 8.77 percent. On this day, the share was last traded at Tk 18.60 paisa.
Bay Leasing & Investment Limited ranked top loser on the DSE, the share price dropped by Tk 0.30 paisa or 3.00 percent. On this day, the share was last traded at Tk 9.70 paisa.
DSE topped on trade is Alif Industries Limited 19 crore 21 lakh takas of company shares have been traded.
A total of 45 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 68 lakh 31 thousand 91 shares of the companies were traded. The financial value of which is 37 crore 38 lakh taka
Dhaka Stock Exchange DSE, Bourse on the third working day of the week, 14th May, ended with a drop in Indices and Turnover from the previous working session. This information is known from DSE sources.
664 crore 36 lakh taka shares were traded on this day. 17 crore 86 lakh less tradings were done in DSE today compared to the previous workday, 9th May , Shares worth Tk 968 crores 2 lakh shares were traded last time, Monday.
The benchmark DSEX lost 81.14 points or 5,585 The Shariah-based index DSES dropped 15.76 points or 1,225, and the blue-chip index DS30 decreased by 26.04 points or 1,991.
Of the issues traded, 31 advanced, 343 declined and 25 remained unchanged.
Reliance One the first scheme of Reliance Insurance Mutual Fund ranked top gainer on DSE, the share price increased by Tk 1.50 paisa or 9.55 percent. On this day, the share was last traded at Tk 17.10 paisa.
Union Insurance Company Limited ranked top loser on the DSE, the share price dropped by Tk 4.00 paisa or 9.32 percent. On this day, the share was last traded at Tk 38.90 paisa.
DSE topped on trade is eGeneration Limited 28 crore 18 lakh takas of company shares have been traded.
A total of 45 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 74 lakh 95 thousand 900 shares of the companies were traded. The financial value of which is 34 crore 92 lakh taka
One of the listed companies, Asia Insurance Limited discloses its financial reports for the first quarter, (January – March 24).
The company’s earnings per share (EPS) was Tk 0.37 paisa in Q1 of the current financial year (January – March 24). EPS was Tk 0.21 (restated) paisa during the same period last year. As of March 31, 2024, at the end of the first quarter of the fiscal year, the company’s net asset value (NAV) per share stood at Tk 27.87.
