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Stocks end higher before Eid vacation

FE Report | June 13, 2018 00:00:00


Stocks finished higher on Tuesday, the last session before the Eid holidays, as investors showed their buying appetite on sector-wise stocks.

Trading and official activities on the bourses will remain closed from today (Wednesday) on the occasion of the Eid-ul-Fitr.

DSEX, prime index of Dhaka Stock Exchange (DSE), went up by 38.78 points or 0.72 per cent to settle at 5,365 points.

Analysts said several factors like budget review expectation, June closing year-end earnings and dividend declarations coupled with lucrative price level prompted some investors to take position on stocks.

The market started on a positive note which continued till end of the session with no sign of reversal, finally the key index gained more than 38 points higher.

Two other indices of the premier bourse also edged higher. The DS30 index, comprising blue chips, advanced 5.23 points to finish at 1,965 and DSES (Shariah) index gained 9.72 points to close at 1,238 points.

According to AT Capital Partners, the market bounced back on the last trading day before the Eid, mainly led by financial institutions, pharmaceuticals, power and engineering sectors.

Trading activities also increased slightly as total turnover on the DSE amounted to Tk 4.57 billion against Tk 4.50 billion on the previous day.

Block trade contributed Tk 850 million to the day's total turnover. Stocks like Popular Life Insurance Company, Grameenphone, Renata and BRAC Bank dominated the block trade board.

"The optimistic investors spurred their buying appetite on sector-specific issues, particularly financial institutions, power and food & allied," commented EBL Securities, in an analysis.

The financial institutions soared 4.50 per cent riding on sector's heavyweight Investment Corporation of Bangladesh (ICB), which gained 9.95 per cent.

Fuel & power also gained 1.20 per cent, followed by food & allied with 1.10 per cent. Pharmaceuticals, banking and engineering gained 0.60 per cent each.

Only telecommunication fell 0.50 per cent.

The gainers took a strong lead over the losers as out of 339 issues traded, 198 closed higher, 88 closed lower and 53 remained unchanged on the DSE trading floor.

Khulna Power Company topped the DSE turnover chart with shares worth Tk 222 million changing hands, closely followed by Monno Ceramic Industries, Pharma Aids, United Power and Grameenphone.

JMI Syringes & Medical Devices was the best performer, posting a gain of 9.96 per cent.

Berger Paints was the day's worst loser, slumping by 46.87 per cent or Tk 1,293.30 each following its price adjustment after record date.

The multinational company's share price closed at Tk 1465.80 each.

The board of directors has recommended 200 per cent cash and 100 per cent stock dividend for the year ended on March 31, 2018.

Berger Paints for the first time recommends stock dividend at 100 per cent.

The port city's bourse CSE also finished higher with its CSE All Share Price Index - CAPSI - advancing 109 points to settle at 16,505 and the Selective Categories Index - CSCX - gaining 65 points to finish at 9,980 points.

The gainers beat the losers as 113 issues closed higher, 68 lower and 33 issues remained unchanged on the CSE.

The port city bourse traded 3.30 million shares and mutual fund units worth more than Tk 133 million in turnover.

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COMPANY YCP HIGH LOW CLOSE %CHG
UNITEDINS 21.6 23.7 23.1 23.7 9.7222%
ADVENT 34.2 36.7 34.5 35.9 4.9708%
PRIMETEX 34.4 36.5 34.9 35.9 4.3605%
PENINSULA 26.2 27.7 26.1 27.1 3.4351%
BEXIMCO 24.1 25.2 24.1 24.9 3.3195%
YPL 12.2 12.7 12.2 12.6 3.2787%
UNITEDFIN 16.6 17.3 16.9 17.1 3.012%
LEGACYFOOT 203.7 221.2 206.1 208.6 2.4055%
ANLIMAYARN 33.6 34.8 32.8 34.4 2.381%
BSC 35.8 36.8 35.0 36.5 1.9553%
COMPANY YCP HIGH LOW CLOSE %CHG
ANLIMAYARN 34.8 34.8 32.8 32.8 6.0976%
ADVENT 36.2 36.7 34.5 34.5 4.9275%
BEXIMCO 25.1 25.2 24.1 24.1 4.1494%
YPL 12.7 12.7 12.2 12.2 4.0984%
EASTLAND 19.3 19.3 18.3 18.6 3.7634%
POPULARLIF 110.1 110.1 106.2 106.7 3.1865%
PRIMETEX 36.0 36.5 34.9 34.9 3.1519%
SEMLLECMF 6.8 6.8 6.6 6.6 3.0303%
PHOENIXFIN 34.2 34.2 33.1 33.2 3.012%
MONNOCERA 349.9 358.5 340.1 340.1 2.8815%
COMPANY YCP HIGH LOW CLOSE %CHG
RAHIMTEXT 469.0 495.0 399.0 404.0 -13.8593%
IBP 44.3 47.5 38.2 38.8 -12.4153%
DOREENPWR 98.3 95.0 85.8 86.2 -12.3093%
IFADAUTOS 124.3 118.0 109.0 110.2 -11.3435%
IMAMBUTTON 24.0 25.9 21.6 21.7 -9.5833%
SAVAREFR 111.9 110.9 100.8 101.3 -9.4727%
ISNLTD 28.6 29.0 25.8 25.9 -9.4406%
SHYAMPSUG 28.5 28.5 25.7 25.9 -9.1228%
BDAUTOCA 349.1 338.9 300.0 317.6 -9.0232%
SPCERAMICS 14.9 15.5 13.6 13.7 -8.0537%
COMPANY YCP HIGH LOW CLOSE %CHG
IMAMBUTTON 21.6 25.9 21.6 25.9 -16.6023%
RAHIMTEXT 415.0 495.0 399.0 490.0 -15.3061%
IBP 39.1 47.5 38.2 45.1 -13.3038%
ISNLTD 25.8 29.0 25.8 28.9 -10.7266%
DOREENPWR 86.1 95.0 85.8 95.0 -9.3684%
KPPL 22.4 25.2 22.4 24.5 -8.5714%
KPCL 118.0 129.0 117.6 129.0 -8.5271%
SPCERAMICS 13.7 15.5 13.6 14.9 -8.0537%
MEGHNACEM 106.2 116.0 106.0 115.4 -7.9723%
JUTESPINN 89.5 97.2 89.5 97.2 -7.9218%