FE Today Logo

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.

babulfexpress@gmail.com


Share if you like



COMPANY YCP HIGH LOW CLOSE %CHG
PARAMOUNT 17.0 18.7 16.7 18.7 10%
GLOBALINS 12.8 14.0 12.7 14.0 9.375%
MEGHNACEM 91.1 99.9 92.1 98.1 7.6839%
PROVATIINS 16.4 17.7 16.5 17.5 6.7073%
PURABIGEN 12.4 13.5 12.5 13.2 6.4516%
ASIAINS 16.7 17.7 17.0 17.6 5.3892%
KARNAPHULI 15.0 15.9 15.0 15.8 5.3333%
REPUBLIC 25.1 27.2 25.3 26.4 5.1793%
MIDASFIN 23.1 24.4 23.3 24.2 4.7619%
PRIMEINSUR 12.7 13.6 12.9 13.3 4.7244%
COMPANY YCP HIGH LOW CLOSE %CHG
GLOBALINS 14.0 14.0 12.7 12.7 10.2362%
PARAMOUNT 18.7 18.7 16.7 17.0 10%
GREENDELT 58.9 59.0 52.5 54.0 9.0741%
PURABIGEN 13.3 13.5 12.5 12.5 6.4%
PROVATIINS 17.4 17.7 16.5 16.5 5.4545%
MEGHNACEM 97.0 99.9 92.1 92.1 5.3203%
IFIC1STMF 4.2 4.2 4.0 4.0 5%
POPULAR1MF 4.2 4.2 4.0 4.0 5%
DAFODILCOM 34.9 35.1 33.3 33.3 4.8048%
FASFIN 13.5 13.6 12.8 12.9 4.6512%
COMPANY YCP HIGH LOW CLOSE %CHG
ALLTEX 14.0 14.4 12.6 12.6 -10%
AL-HAJTEX 98.2 105.3 88.4 88.4 -9.9796%
ISNLTD 31.5 28.4 28.4 28.4 -9.8413%
CAPMIBBLMF 11.5 11.6 10.4 10.4 -9.5652%
JUTESPINN 148.4 152.9 133.6 134.6 -9.2992%
KEYACOSMET 7.6 7.3 6.8 6.9 -9.2105%
KTL 29.7 30.2 26.8 27.0 -9.0909%
MLDYEING 39.6 40.3 35.8 36.2 -8.5859%
IBP 36.9 37.0 33.5 33.8 -8.4011%
GQBALLPEN 82.5 84.5 75.0 76.1 -7.7576%
COMPANY YCP HIGH LOW CLOSE %CHG
AL-HAJTEX 88.4 105.3 88.4 101.3 -12.7345%
ALLTEX 12.6 14.4 12.6 14.4 -12.5%
GQBALLPEN 75.0 84.5 75.0 84.4 -11.1374%
CAPMIBBLMF 10.4 11.6 10.4 11.6 -10.3448%
JUTESPINN 133.6 152.9 133.6 149.0 -10.3356%
KTL 27.0 30.2 26.8 29.9 -9.699%
MLDYEING 36.2 40.3 35.8 39.7 -8.8161%
IBP 33.9 37.0 33.5 37.0 -8.3784%
PRIMELIFE 53.8 59.7 53.8 58.0 -7.2414%
ARAMIT 431.1 463.0 429.0 463.0 -6.8898%