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Dhaka stocks see moderate rise

FE Report | October 24, 2016 00:00:00


The Dhaka bourse Sunday ended flat amid mixed performance showed by the large cap sectors.

According to institutional traders, both the sellers and buyers were 'active' and consequently the market closed with a flat rise on the Dhaka Stock Exchange (DSE).

The market started the session positively but soon later volatility was observed and the DSE broad index DSEX closed at 4693 points which was only 0.56 point up than the previous session.

The shariah based index DSES rose 0.51 per cent or 5.78 points to close at 1117.54 points, whereas the blue chip index DS30 went up by 0.34 per cent or 5.97 points to close at 1754.20 points.

"Some investors continued  profit booking from their stocks that saw ample gain in the past few weeks, while some took position on sector specific stocks ahead of year end corporate declarations," said a market review of International Leasing Securities.

Of 326 issues traded, 130 advanced, 161 declined and 35 were unchanged.

At the end of the session, the turnover stood at above Tk 5.67 billion, which was 13.30 per cent higher than the turnover of the previous session.

The power sector proved its dominance in both the charts of turnover leaders and top gainers.

Among the major sectors, banks lost 1.0 per cent, financial institutions 1.3 per cent, general insurance 1.3 per cent, tannery 1.0 per cent and travel & leisure 2.1 per cent.

Among the gaining sectors, cement advanced 2.0 per cent, engineering 1.1 per cent, food & allied 1.0 per cent, fuel & power 0.6 per cent, IT 4.5 per cent, telecommunication 1.6 and textile 1.1 per cent.

Doreen Power Generations and Systems topped the volume chart with a value of Tk 519 million followed by IT Consultants above Tk 157 million, MJL Bangladesh Tk 148 million, Saif Powertech Tk 126 million and Mozaffar Hossain Spinning Mills above Tk 125 million.

Doreen Power Generations and Systems also topped the gainers' chart with a rise of 21.87 to close at Tk 98.60.

The Peninsula Chittagong was the worst loser after losing 8.42 per cent to close at Tk 17.50.

The company topped both the chart of both the turnover leaders and gainers following the company's clarification for increased earnings per share (EPS). The company said that the increase in EPS in the First Quarter for the period ended on September, 2016 in comparison to that of the previous year is due to start of commercial operation of two Subsidiary Companies of Doreen Power Generations and Systems.

According to DSE information, the Doreen Power Generations and Systems' consolidated EPS for July-September, 2016 was Tk. 2.22 as against Tk. 0.36 for July-September, 2015. The company's consolidated net operating cash flow per share (NOCFPS) was Tk. (1.44) for July-September, 2016 as against Tk. 1.39 for July-September, 2015. The consolidated net asset value (NAV) per share with revaluation was Tk. 36.56 as of September 30, 2016 and Tk. 34.34 as of June 30, 2016, whereas the consolidated NAV per share without revaluation was Tk. 26.99 as of September 30, 2016 and Tk. 24.67 as of June 30, 2016.

On the Chittagong Stock Exchange (CSE), the benchmark index CASPI went up by 14 points to close at 14418 points.

Of 251 issues traded, 120 advanced, 114 declined and 17 were unchanged and the turnover stood at above Tk 382.13 million on the port city bourse.

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